University of St Andrews

Displaying 1-35 of 35 results

  • White Papers // Sep 2011

    Context-Based Personalised Settings for Mobile Location Sharing

    Location-Based Services (LBSes) are increasing in popularity, but create many privacy concerns for users. LBSes usually rely on the same default privacy settings for all users. In this position paper, the authors claim that such settings are inappropriate for location sharing and that settings should instead rely on contextual information...

    Provided By University of St Andrews

  • White Papers // May 2011

    Application Level Energy and Performance Measurements in a Wireless LAN

    The authors present an experimental evaluation of energy usage and performance in a wireless LAN cell based on a testbed using the 5GHz ISM band for 802.11a and 802.11n. They have taken an application-level approach, by varying the packet size and transmission rate at the protocol level and evaluating energy...

    Provided By University of St Andrews

  • White Papers // Apr 2011

    Decision Support Tools for Cloud Migration in the Enterprise

    This paper describes two tools that aim to support decision making during the migration of IT systems to the cloud. The first is a modeling tool that produces cost estimates of using public IaaS clouds. The tool enables IT architects to model their applications, data and infrastructure requirements in addition...

    Provided By University of St Andrews

  • White Papers // Feb 2011

    Decentralised Orchestration of Service-Oriented Scientific Workflows

    Service-oriented workflows in the scientific domain are commonly composed as Directed Acyclic Graphs (DAGs), formed from a collection of vertices and directed edges. When orchestrating service-oriented DAGs, intermediate data are typically routed through a single centralised engine, which results in unnecessary data transfer, increasing the execution time of a workflow...

    Provided By University of St Andrews

  • White Papers // Jan 2011

    On Measuring The Efficiency Of Monetary Policy

    Cecchetti et al. (2006) develop a method for allocating macroeconomic performance changes among the structure of the economy, variability of supply shocks and monetary policy. The authors propose a dual approach of their method by borrowing well-known tools from production theory, namely the Farrell measure and the Malmquist index. Following...

    Provided By University of St Andrews

  • White Papers // Dec 2010

    A Comparison of Routing for Mobile Networks

    Wireless mobile devices are becoming increasingly prevalent in society. As a result, aggregation of network connectivity through the use of mobile networks is becoming increasingly relevant to service providers as well as for mobile users. The current approach being pursued within the IETF Mobile EXTensions for IPv6 (MEXT) WG is...

    Provided By University of St Andrews

  • White Papers // Nov 2010

    Using E?ffluent Charges In Promoting Investment In Water Pollution Control Technology: A Model Of Coordination Failure Among Firms

    Untreated wastewater being directly discharged into rivers is a very harmful environmental hazard that needs to be tackled urgently in many countries. In order to safeguard the river ecosystem and reduce water pollution, it is important to have an effluent charge policy that promotes the investment of wastewater treatment technology...

    Provided By University of St Andrews

  • White Papers // Oct 2010

    Optimal Contracting With Private Information On Cost Expectation And Variability

    The authors study the screening problem that arises in a framework where, initially, the agent is privately informed about both the expected production cost and the cost variability and, at a later stage, he learns privately the cost realization. The specific set of relevant incentive constraints, and so the characteristics...

    Provided By University of St Andrews

  • White Papers // Sep 2010

    TCP Testing: How Well Does ns2 Match Reality?

    New transport protocols continue to appear as alternatives to the Transmission Control Protocol (TCP). Many of these are designed to address TCP's inefficiency in operating over paths with a high Bandwidth-Delay Product (BDP). To test these new protocols, especially comparatively, and to understand their interactions, extensions to the ns2 simulator...

    Provided By University of St Andrews

  • White Papers // Jul 2010

    Finance And Balanced Growth

    The Uzawa (1961) theorem applied to finance and growth suggests that a long-run positive correlation between financial efficiency and depth is only present when variations in the extent of access to financial services are considered. Improvements in financial efficiency can lead to new capital augmenting technologies along the balanced path,...

    Provided By University of St Andrews

  • White Papers // Jul 2010

    Enhancing Interns' Aspirations Towards The Labour Market Through Skill-Acquisition: The Second Chance Schools Experience

    Second Change School programmes are active in a number of European countries. These schools offer vulnerable young adults an alternative opportunity to enhance their employability skills by alternating education with work experience. People enrolling in these programmes disengaged from schools at an early age. They already experienced or are at-risk...

    Provided By University of St Andrews

  • White Papers // Jul 2010

    Strategy Making In Cities: The Role Of Calculative Practices In Manufacturing Competition

    Recent years have witnessed an increasing number of cities develop corporate strategies. In this paper, the authors problematise the seemingly natural and self-evident link between cities, competition and strategy. They explore the role that calculative practices plays in creating city league tables that, in turn, function as the a priori...

    Provided By University of St Andrews

  • White Papers // Jun 2010

    The Cloud Adoption Toolkit: Supporting Cloud Adoption Decisions in the Enterprise

    Cloud computing promises a radical shift in the provisioning of computing resource within the enterprise. This paper describes the challenges that decision makers face when assessing the feasibility of the adoption of cloud computing in their organisations, and describes the authors' Cloud Adoption Toolkit, which has been developed to support...

    Provided By University of St Andrews

  • White Papers // May 2010

    Energy Measurement for the Cloud

    One of the aims of cloud-based services is to offer cost savings through elastic service provision. This elasticity refers to use of resources by the customer and the provision of resources by the provider. An increasingly important resource to consider is energy (Or power). As cloud services are intended to...

    Provided By University of St Andrews

  • White Papers // Apr 2010

    Monetary Policy And Heterogeneous Expectations

    This paper studies the implications for monetary policy of heterogeneous expectations in a New Keynesian model. The assumption of rational expectations is replaced with parsimonious forecasting models where agents select between predictors that are underparameterized. In a Misspecification Equilibrium agents only select the best-performing statistical models. The authors demonstrate that,...

    Provided By University of St Andrews

  • White Papers // Mar 2010

    The Cloud Adoption Toolkit: Addressing the Challenges of Cloud Adoption in Enterprise

    Cloud computing promises a radical shift in the provisioning of computing resource within enterprise. This paper describes the challenges that decision-makers face when attempting to determine the feasibility of the adoption of cloud computing in their organisations; illustrates a lack of existing work to address the feasibility challenges of cloud...

    Provided By University of St Andrews

  • White Papers // Mar 2010

    Infrastructure Finance And Industrial Takeoff In England

    That financial matters did not constrain industrial takeoff in the UK is generally accepted in the historical literature; in contrast, contemporary empirical analyses have found evidence that financial development can be a causal determinant of economic growth. The authors look to reconcile these findings by concentrating on a particular aspect...

    Provided By University of St Andrews

  • White Papers // Feb 2010

    Cloud Migration: A Case Study of Migrating an Enterprise IT System to IaaS

    This paper illustrates the potential benefits and risks associated with the migration of an IT system in the oil & gas industry from an in-house data center to Amazon EC2 from a broad variety of stakeholder perspectives across the enterprise, thus transcending the typical, yet narrow, financial and technical analysis...

    Provided By University of St Andrews

  • White Papers // Feb 2010

    Multi-Agent Contracting With Countervailing Incentives And Limited Liability

    The authors consider a principal who deals with a privately informed agent protected by limited liability in a correlated information setting. The agent's technology is such that the fixed cost declines with the marginal cost (the type), so that countervailing incentives may arise. They show that, with high liability, the...

    Provided By University of St Andrews

  • White Papers // Feb 2010

    Supporting Energy-Efficient Uploading Strategies for Continuous Sensing Applications on Mobile Phones

    Continuous sensing applications (e.g., mobile social networking applications) are appearing on new sensor-enabled mobile phones such as the Apple iPhone, Nokia and Android phones. These applications present significant challenges to the phone's operations given the phone's limited computational and energy resources and the need for applications to share real-time continuous...

    Provided By University of St Andrews

  • White Papers // Feb 2010

    Endogenous Price Flexibility And Optimal Monetary Policy

    Much of the literature on optimal monetary policy uses models in which the degree of nominal price flexibility is exogenous. There are, however, good reasons to suppose that the degree of price flexibility adjusts endogenously to changes in monetary conditions. This paper extends the standard New Keynesian model to incorporate...

    Provided By University of St Andrews

  • White Papers // Feb 2010

    Financial Distress In Chinese Industry: Microeconomic, Macroeconomic And Institutional Influences

    The authors paper the impact of both microeconomic factors and the macroeconomy on the financial distress of Chinese listed companies over a period of massive economic transition, 1995 to 2006. Based on an economic model of financial distress under the institutional setting of state protection against exit, and using the...

    Provided By University of St Andrews

  • White Papers // Nov 2009

    Growth And Survival Determinants Of Chinese Private Firms: Fieldwork Evidence And Econometric Estimates

    This paper reports on one of the first empirical attempts to investigate small firm growth and survival, and their determinants, in the Peoples' Republic of China. The work is based on field work evidence gathered from a sample of 83 Chinese private firms (mainly SMEs) collected initially by face-to-face interviews,...

    Provided By University of St Andrews

  • White Papers // Aug 2009

    Enabling Mobile Networks Through Secure Naming

    Mobile Networks are increasingly important in land-, sea and air-based military scenarios. The interest in supporting network mobility for Internet Protocol (IP) networks has led to the NEtwork MObility (NEMO) protocol extensions being proposed for IP within the IETF. These extensions are based on the work already completed on host...

    Provided By University of St Andrews

  • White Papers // Aug 2009

    Site-Controlled Secure Multi-Homing and Traffic Engineering for IP

    Site multi-homing is an important capability in modern military networks. Resilience of a site is greatly enhanced when it has multiple upstream connections to the Global Information Grid, including the global Internet. Similarly, the ability to provide traffic engineering for a site can be important in reducing delays and packet...

    Provided By University of St Andrews

  • White Papers // Jun 2009

    Entrepreneurial Orientation, Intangible Assets And Firm Growth: The Impact Of 'Spirit And Material' On The Growth Of Chinese Private Firms

    This paper has three contributions. First, it shows how field work within small firms in PR Chinese has provided new evidence which enables one to measure and calibrate Entrepreneurial Orientation (EO), as 'Spirit', and Intangible Assets (IA), as 'Material', for use in models of small firm growth. Second, it uses...

    Provided By University of St Andrews

  • White Papers // Jun 2009

    Social Delay-Tolerant Network Routing

    Routing in mobile delay-tolerant networks faces new challenges such as mobility and the dynamic nature of the network. Social network information may be useful for routing since mobile nodes in the same social network may be encountered more often and thus be more successful at message-passing. Collecting this social network...

    Provided By University of St Andrews

  • White Papers // May 2009

    The Estimation Of Technical Efficiency Effects Models With An Example Applied To The Thai Manufacturing Sector

    This paper does two things. First, it presents alternative approaches to the standard methods of estimating productive efficiency using a production function. It favours a parametric approach (viz. the stochastic production frontier approach) over a nonparametric approach (e.g. data envelopment analysis); and, further, one that provides a statistical explanation of...

    Provided By University of St Andrews

  • White Papers // May 2009

    Social Welfare Versus Inequality Aversion In An Incomplete Contract Experiment

    The authors present the first laboratory study showing that concerns for social welfare are key determinants of investment behavior in a world of incomplete contracting. Two equally productive players simultaneously decide how much to invest into a joint production process. The total monetary benefit from joint production is split according...

    Provided By University of St Andrews

  • White Papers // Apr 2009

    Are Two Tax Rates Better Than One?

    Should two - band income taxes be progressive given a general income distribution? The authors provide a negative answer under utilitarian and max-min welfare functions. While this result clarifies some ambiguities in the literature, it does not rule out progressive taxes in general. If they maximize total or weighted utility...

    Provided By University of St Andrews

  • White Papers // Mar 2009

    Mobile Networks: Naming vs.Tunnelling

    Using data of passenger numbers and train schedules from the London Underground metropolitan railway system, the authors compare a Tunneling-based to a Naming-based approach for supporting mobile networks. They show that, in terms of packet overhead, a naming based approach may have similar performance overhead to a tunneling approach, and...

    Provided By University of St Andrews

  • White Papers // Mar 2009

    International Business Cycles And The Relative Price Of Investment Goods

    Is the relative price of investment goods a good proxy for investment frictions? The authors model this relative price in a flexible price international economy with two fundamental shocks, namely the Total Factor Productivity (TFP) shock and the Investment Specific Technology (IST) shock. The paper argues that the one-to-one correspondence...

    Provided By University of St Andrews

  • White Papers // Dec 2008

    Financial Shocks And The US Business Cycle

    Employing the Financial Accelerator (FA) model of Bernanke, Gertler and Gilchrist (1999) enhanced to include a shock to the FA mechanism, the authors construct and study shocks to the efficiency of the financial sector in post-war US business cycles. They find that financial shocks are very tightly linked with the...

    Provided By University of St Andrews

  • White Papers // Oct 2008

    Social Networks In Determining Migration And Labor Market Outcomes: Evidence From The German Reunification

    This paper empirically examines social network explanations for migration decisions in the context of the German reunification. Using longitudinal data from the German Socio-Economic Panel, the authors first show that the presence of family and friends in West Germany is an important predictor for the migration hazard rate of East...

    Provided By University of St Andrews

  • White Papers // Oct 2008

    Investment Frictions And The Relative Price Of Investment Goods In An Open Economy Model

    Is the relative price of investment goods a good proxy for investment frictions? The authors analyze investment frictions in an open economy, flexible price, two-country model and show that when the relative price of investment goods is endogenously determined in such a model, the relative price of investment can actually...

    Provided By University of St Andrews

  • White Papers // Sep 2010

    TCP Testing: How Well Does ns2 Match Reality?

    New transport protocols continue to appear as alternatives to the Transmission Control Protocol (TCP). Many of these are designed to address TCP's inefficiency in operating over paths with a high Bandwidth-Delay Product (BDP). To test these new protocols, especially comparatively, and to understand their interactions, extensions to the ns2 simulator...

    Provided By University of St Andrews

  • White Papers // Aug 2009

    Site-Controlled Secure Multi-Homing and Traffic Engineering for IP

    Site multi-homing is an important capability in modern military networks. Resilience of a site is greatly enhanced when it has multiple upstream connections to the Global Information Grid, including the global Internet. Similarly, the ability to provide traffic engineering for a site can be important in reducing delays and packet...

    Provided By University of St Andrews

  • White Papers // Aug 2009

    Enabling Mobile Networks Through Secure Naming

    Mobile Networks are increasingly important in land-, sea and air-based military scenarios. The interest in supporting network mobility for Internet Protocol (IP) networks has led to the NEtwork MObility (NEMO) protocol extensions being proposed for IP within the IETF. These extensions are based on the work already completed on host...

    Provided By University of St Andrews

  • White Papers // Mar 2009

    Mobile Networks: Naming vs.Tunnelling

    Using data of passenger numbers and train schedules from the London Underground metropolitan railway system, the authors compare a Tunneling-based to a Naming-based approach for supporting mobile networks. They show that, in terms of packet overhead, a naming based approach may have similar performance overhead to a tunneling approach, and...

    Provided By University of St Andrews

  • White Papers // Feb 2010

    Supporting Energy-Efficient Uploading Strategies for Continuous Sensing Applications on Mobile Phones

    Continuous sensing applications (e.g., mobile social networking applications) are appearing on new sensor-enabled mobile phones such as the Apple iPhone, Nokia and Android phones. These applications present significant challenges to the phone's operations given the phone's limited computational and energy resources and the need for applications to share real-time continuous...

    Provided By University of St Andrews

  • White Papers // Sep 2011

    Context-Based Personalised Settings for Mobile Location Sharing

    Location-Based Services (LBSes) are increasing in popularity, but create many privacy concerns for users. LBSes usually rely on the same default privacy settings for all users. In this position paper, the authors claim that such settings are inappropriate for location sharing and that settings should instead rely on contextual information...

    Provided By University of St Andrews

  • White Papers // Feb 2010

    Cloud Migration: A Case Study of Migrating an Enterprise IT System to IaaS

    This paper illustrates the potential benefits and risks associated with the migration of an IT system in the oil & gas industry from an in-house data center to Amazon EC2 from a broad variety of stakeholder perspectives across the enterprise, thus transcending the typical, yet narrow, financial and technical analysis...

    Provided By University of St Andrews

  • White Papers // Mar 2010

    Infrastructure Finance And Industrial Takeoff In England

    That financial matters did not constrain industrial takeoff in the UK is generally accepted in the historical literature; in contrast, contemporary empirical analyses have found evidence that financial development can be a causal determinant of economic growth. The authors look to reconcile these findings by concentrating on a particular aspect...

    Provided By University of St Andrews

  • White Papers // Dec 2008

    Financial Shocks And The US Business Cycle

    Employing the Financial Accelerator (FA) model of Bernanke, Gertler and Gilchrist (1999) enhanced to include a shock to the FA mechanism, the authors construct and study shocks to the efficiency of the financial sector in post-war US business cycles. They find that financial shocks are very tightly linked with the...

    Provided By University of St Andrews

  • White Papers // Oct 2008

    Investment Frictions And The Relative Price Of Investment Goods In An Open Economy Model

    Is the relative price of investment goods a good proxy for investment frictions? The authors analyze investment frictions in an open economy, flexible price, two-country model and show that when the relative price of investment goods is endogenously determined in such a model, the relative price of investment can actually...

    Provided By University of St Andrews

  • White Papers // Feb 2011

    Decentralised Orchestration of Service-Oriented Scientific Workflows

    Service-oriented workflows in the scientific domain are commonly composed as Directed Acyclic Graphs (DAGs), formed from a collection of vertices and directed edges. When orchestrating service-oriented DAGs, intermediate data are typically routed through a single centralised engine, which results in unnecessary data transfer, increasing the execution time of a workflow...

    Provided By University of St Andrews

  • White Papers // Apr 2010

    Monetary Policy And Heterogeneous Expectations

    This paper studies the implications for monetary policy of heterogeneous expectations in a New Keynesian model. The assumption of rational expectations is replaced with parsimonious forecasting models where agents select between predictors that are underparameterized. In a Misspecification Equilibrium agents only select the best-performing statistical models. The authors demonstrate that,...

    Provided By University of St Andrews

  • White Papers // Feb 2010

    Endogenous Price Flexibility And Optimal Monetary Policy

    Much of the literature on optimal monetary policy uses models in which the degree of nominal price flexibility is exogenous. There are, however, good reasons to suppose that the degree of price flexibility adjusts endogenously to changes in monetary conditions. This paper extends the standard New Keynesian model to incorporate...

    Provided By University of St Andrews

  • White Papers // Apr 2011

    Decision Support Tools for Cloud Migration in the Enterprise

    This paper describes two tools that aim to support decision making during the migration of IT systems to the cloud. The first is a modeling tool that produces cost estimates of using public IaaS clouds. The tool enables IT architects to model their applications, data and infrastructure requirements in addition...

    Provided By University of St Andrews

  • White Papers // Jun 2010

    The Cloud Adoption Toolkit: Supporting Cloud Adoption Decisions in the Enterprise

    Cloud computing promises a radical shift in the provisioning of computing resource within the enterprise. This paper describes the challenges that decision makers face when assessing the feasibility of the adoption of cloud computing in their organisations, and describes the authors' Cloud Adoption Toolkit, which has been developed to support...

    Provided By University of St Andrews

  • White Papers // May 2011

    Application Level Energy and Performance Measurements in a Wireless LAN

    The authors present an experimental evaluation of energy usage and performance in a wireless LAN cell based on a testbed using the 5GHz ISM band for 802.11a and 802.11n. They have taken an application-level approach, by varying the packet size and transmission rate at the protocol level and evaluating energy...

    Provided By University of St Andrews

  • White Papers // Dec 2010

    A Comparison of Routing for Mobile Networks

    Wireless mobile devices are becoming increasingly prevalent in society. As a result, aggregation of network connectivity through the use of mobile networks is becoming increasingly relevant to service providers as well as for mobile users. The current approach being pursued within the IETF Mobile EXTensions for IPv6 (MEXT) WG is...

    Provided By University of St Andrews

  • White Papers // Jun 2009

    Social Delay-Tolerant Network Routing

    Routing in mobile delay-tolerant networks faces new challenges such as mobility and the dynamic nature of the network. Social network information may be useful for routing since mobile nodes in the same social network may be encountered more often and thus be more successful at message-passing. Collecting this social network...

    Provided By University of St Andrews

  • White Papers // Mar 2010

    The Cloud Adoption Toolkit: Addressing the Challenges of Cloud Adoption in Enterprise

    Cloud computing promises a radical shift in the provisioning of computing resource within enterprise. This paper describes the challenges that decision-makers face when attempting to determine the feasibility of the adoption of cloud computing in their organisations; illustrates a lack of existing work to address the feasibility challenges of cloud...

    Provided By University of St Andrews

  • White Papers // May 2010

    Energy Measurement for the Cloud

    One of the aims of cloud-based services is to offer cost savings through elastic service provision. This elasticity refers to use of resources by the customer and the provision of resources by the provider. An increasingly important resource to consider is energy (Or power). As cloud services are intended to...

    Provided By University of St Andrews

  • White Papers // Jan 2011

    On Measuring The Efficiency Of Monetary Policy

    Cecchetti et al. (2006) develop a method for allocating macroeconomic performance changes among the structure of the economy, variability of supply shocks and monetary policy. The authors propose a dual approach of their method by borrowing well-known tools from production theory, namely the Farrell measure and the Malmquist index. Following...

    Provided By University of St Andrews

  • White Papers // Nov 2010

    Using E?ffluent Charges In Promoting Investment In Water Pollution Control Technology: A Model Of Coordination Failure Among Firms

    Untreated wastewater being directly discharged into rivers is a very harmful environmental hazard that needs to be tackled urgently in many countries. In order to safeguard the river ecosystem and reduce water pollution, it is important to have an effluent charge policy that promotes the investment of wastewater treatment technology...

    Provided By University of St Andrews

  • White Papers // Oct 2010

    Optimal Contracting With Private Information On Cost Expectation And Variability

    The authors study the screening problem that arises in a framework where, initially, the agent is privately informed about both the expected production cost and the cost variability and, at a later stage, he learns privately the cost realization. The specific set of relevant incentive constraints, and so the characteristics...

    Provided By University of St Andrews

  • White Papers // Jul 2010

    Enhancing Interns' Aspirations Towards The Labour Market Through Skill-Acquisition: The Second Chance Schools Experience

    Second Change School programmes are active in a number of European countries. These schools offer vulnerable young adults an alternative opportunity to enhance their employability skills by alternating education with work experience. People enrolling in these programmes disengaged from schools at an early age. They already experienced or are at-risk...

    Provided By University of St Andrews

  • White Papers // Feb 2010

    Financial Distress In Chinese Industry: Microeconomic, Macroeconomic And Institutional Influences

    The authors paper the impact of both microeconomic factors and the macroeconomy on the financial distress of Chinese listed companies over a period of massive economic transition, 1995 to 2006. Based on an economic model of financial distress under the institutional setting of state protection against exit, and using the...

    Provided By University of St Andrews

  • White Papers // Nov 2009

    Growth And Survival Determinants Of Chinese Private Firms: Fieldwork Evidence And Econometric Estimates

    This paper reports on one of the first empirical attempts to investigate small firm growth and survival, and their determinants, in the Peoples' Republic of China. The work is based on field work evidence gathered from a sample of 83 Chinese private firms (mainly SMEs) collected initially by face-to-face interviews,...

    Provided By University of St Andrews

  • White Papers // Feb 2010

    Multi-Agent Contracting With Countervailing Incentives And Limited Liability

    The authors consider a principal who deals with a privately informed agent protected by limited liability in a correlated information setting. The agent's technology is such that the fixed cost declines with the marginal cost (the type), so that countervailing incentives may arise. They show that, with high liability, the...

    Provided By University of St Andrews

  • White Papers // Jun 2009

    Entrepreneurial Orientation, Intangible Assets And Firm Growth: The Impact Of 'Spirit And Material' On The Growth Of Chinese Private Firms

    This paper has three contributions. First, it shows how field work within small firms in PR Chinese has provided new evidence which enables one to measure and calibrate Entrepreneurial Orientation (EO), as 'Spirit', and Intangible Assets (IA), as 'Material', for use in models of small firm growth. Second, it uses...

    Provided By University of St Andrews

  • White Papers // May 2009

    The Estimation Of Technical Efficiency Effects Models With An Example Applied To The Thai Manufacturing Sector

    This paper does two things. First, it presents alternative approaches to the standard methods of estimating productive efficiency using a production function. It favours a parametric approach (viz. the stochastic production frontier approach) over a nonparametric approach (e.g. data envelopment analysis); and, further, one that provides a statistical explanation of...

    Provided By University of St Andrews

  • White Papers // Apr 2009

    Are Two Tax Rates Better Than One?

    Should two - band income taxes be progressive given a general income distribution? The authors provide a negative answer under utilitarian and max-min welfare functions. While this result clarifies some ambiguities in the literature, it does not rule out progressive taxes in general. If they maximize total or weighted utility...

    Provided By University of St Andrews

  • White Papers // May 2009

    Social Welfare Versus Inequality Aversion In An Incomplete Contract Experiment

    The authors present the first laboratory study showing that concerns for social welfare are key determinants of investment behavior in a world of incomplete contracting. Two equally productive players simultaneously decide how much to invest into a joint production process. The total monetary benefit from joint production is split according...

    Provided By University of St Andrews

  • White Papers // Oct 2008

    Social Networks In Determining Migration And Labor Market Outcomes: Evidence From The German Reunification

    This paper empirically examines social network explanations for migration decisions in the context of the German reunification. Using longitudinal data from the German Socio-Economic Panel, the authors first show that the presence of family and friends in West Germany is an important predictor for the migration hazard rate of East...

    Provided By University of St Andrews

  • White Papers // Jul 2010

    Strategy Making In Cities: The Role Of Calculative Practices In Manufacturing Competition

    Recent years have witnessed an increasing number of cities develop corporate strategies. In this paper, the authors problematise the seemingly natural and self-evident link between cities, competition and strategy. They explore the role that calculative practices plays in creating city league tables that, in turn, function as the a priori...

    Provided By University of St Andrews

  • White Papers // Jul 2010

    Finance And Balanced Growth

    The Uzawa (1961) theorem applied to finance and growth suggests that a long-run positive correlation between financial efficiency and depth is only present when variations in the extent of access to financial services are considered. Improvements in financial efficiency can lead to new capital augmenting technologies along the balanced path,...

    Provided By University of St Andrews

  • White Papers // Mar 2009

    International Business Cycles And The Relative Price Of Investment Goods

    Is the relative price of investment goods a good proxy for investment frictions? The authors model this relative price in a flexible price international economy with two fundamental shocks, namely the Total Factor Productivity (TFP) shock and the Investment Specific Technology (IST) shock. The paper argues that the one-to-one correspondence...

    Provided By University of St Andrews