In the capability literature, studies on the empirical measurement in the functionings space are abundant and a few studies even measure capability to function. We suggest adopting a third measure of welfare relevant to economists, namely the “conversion efficiency” measuring the efficiency with which individuals convert their resources into achieved functioning. We use a nonparametric efficien...

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We report a method to maximize the broadband modulation diffraction efficiency of liquid-crystal spatial light modulators for polychromatic applications requiring a wide range of wavelengths. An optimized encoding pattern based on the minimum Euclidean projection principle is applied in order to increase the diffraction efficiency at large wavelengths that exhibit phase modulation depth lower t...

In this paper we use global analysis to study the welfare properties of general equilibrium economies with incomplete markets (GEI). Our main result is to show that constrained Pareto optimal equilibria are contained in a linear submanifold of the equilibrium set. This result is explicitly derived for economies with real assets, of which real numéraire assets are a special case.

Molecular motors operate in an environment dominated by viscous friction and thermal fluctuations. The chemical reaction in a motor may produce an active force at the reaction site to directly move the motor forward. Alternatively a molecular motor may generate a unidirectional motion by rectifying thermal fluctuations using free energy barriers established in the chemical reaction. The reactio...

Recent years increase in organizations’ dependence on information technology has ushered in changing roles for IT departments and IT governance alike. Instead of being primarily focused on the continuous and cost efficient maintenance and support of existing resources, there is a need for a more balanced take on IT Governance which calls for an ambidextrous approach. This involves an increased ...