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The impact of US fresh milk production standards on dairy trade
We analyse the impact of proposed changes in US legislation to allow greater use of dairy concentrate products in the production of fresh milk products. This change could potentially have a large impact on dairy trade as ...
Integrating expectation handling into Jason
Although expectations play an important role in designing cognitive agents, agent expectations are not explicitly being handled in most common agent programming environments. There are techniques for monitoring fulfilment ...
Does Aid Work for the Poor?
This paper econometrically examines the impact of aid on the well-being of population sub-groups within 48 developing countries. This is a radical departure from previous empirical research of aid effectiveness at the ...
Due diligence, research joint ventures, and incentives to innovate
The decision to cooperate within R&D joint ventures is often based on ‘expert advice.’ Such advice typically originates in a due diligence process, which assesses the R&D joint venture’s profitability, for example, by ...
Consumer Response to Time Varying Prices for Electricity
We report new experimental evidence of the household response to weekday differentials in peak and off-peak electricity prices. The data come from Auckland, New Zealand, where peak residential electricity consumption ...
Interfacing a cognitive agent platform with Second Life
Second Life is a multi-purpose online virtual world that provides a rich platform for remote human interaction. It is increasingly being used as a simulation platform to model complex human interactions in diverse areas, ...
From mirror therapy to augmentation
Video mediated and augmented reality technologies can challenge our sense of what we perceive and believe to be “real”. Applied appropriately, the technology presents new opportunities for understanding and treating a range ...
Assessing Business Cycle Synchronisation - Prospects for a Pacific Islands Currency Union
On-going debate of a Pacific Islands currency union has rekindled the argument on whether Pacific Island Countries (PICs) demonstrate symmetric behavior in their business cycles as a precondition for a union according to ...
Determinants of Relative Price Variability during a Recession: Evidence from Canada at the Time of the Great Depression
Most studies find that relative price variability (RPV) is a U-shaped or V-shaped function of anticipated inflation, and a V-shaped function of unanticipated inflation. One exception is Reinsdorf (1994), who finds that RPV ...
Innovation Races with the Possibility of Failure
The standard innovation race specification assumes a memoryless
exponential distribution for the time to success of an R&D project. This specification implies that a project succeeds, eventually, with probability one. ...