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The most important resources in civil aviation and commercial use of the outer space are legal rights to occupy certain space in airports and geostationary orbits respectively. This book clarifies the nature of the rights called "slots" in both arena. It then reviews both the domestic and international slot distribution mechanisms and Common Law principles therein.
Risk concentrations play a crucial role for the survival of individual banks and for the stability of the whole banking system. Thus, it is important from an economical and a regulatory perspective to properly measure and manage these concentrations. In this book, the impact of credit concentrations on portfolio risk is analyzed for different portfolio types and it is determined, in which cases the influence of concentration risk has to be taken into account. Furthermore, some models for the measurement of concentration risk are modified to be consistent with Basel II and their performance is compared. Beyond that, this book integrates economical and regulatory aspects of concentration risk and seeks to provide a systematic way to get familiar with the topic of concentration risk from the basics of credit risk modeling to present research in the measurement and management of credit risk concentrations.
This book pursues a nonlinear approach in considering both chaotic dynamical models and agent-based simulation models of economics, as well as their dynamical behaviors. Three key concepts arising in this context are “nonlinearity,” “bounded rationality” and “heterogeneity,” which also make up the title of the book. Nonlinearity is the warp that runs throughout all models because systems that exhibit chaotic or other complex behavior in the absence of any exogenous disturbances are absolutely nonlinear. Bounded rationality constitutes the woof, because economic systems do not exhibit complex behavior if all agents are perfectly rational, as is usually assumed in neoclassical economics. Agents who are boundedly rational have to struggle to do their best with limited information and tend to adapt to their economic environment without knowing what is the best. Furthermore, the heterogeneity of firms or consumers dyes the fabric of complex dynamics woven from the warp and woof.
Analyses of the international climate change regime consider the challenges of maintaining current structures and the possibilities for creating new forms of international cooperation. The current international climate change regime has a long history, and it is likely that its evolution will continue, despite such recent setbacks as the decision by President Donald Trump to withdraw the United States from the Paris Agreement of 2015. Indeed, the U.S. withdrawal may spur efforts by other members of the international community to strengthen the Paris accord on their own. This volume offers an original contribution to the study of the international political context of climate change over the ...
The famous 1962 precedent at the Restrictive Practices Court of the United Kingdom, 'Books are different,' is still the reasoning behind many cultural policies around the world, building on longstanding assumptions surrounding 'the book'. As this suggests, the 'difference' of the book as a unique form of cultural (rather than economic) production has acquired a powerful status. But are books still different? In (somewhat provocatively) asking this question from a network-oriented and interdisciplinary perspective (book studies/literary studies), this Element inquires into the notion of 'difference' in relation to books. Challenging common notions of 'bibliodiversity,' it reconsiders the lack of diversity in the publishing industry. It also engages with the diversifying potentials of the digital literary sphere, offering a case study of Bernardine Evaristo's industry activities and activism, the Element concludes with thoughts on bookishness, affect and networked practice. This title is also available as Open Access on Cambridge Core.
This new edition of the seminal textbook The Economics of Urban Transportation incorporates the latest research affecting the design, implementation, pricing, and control of transport systems in towns and cities. The book offers an economic framework for understanding the societal impacts and policy implications of many factors including congestion, traffic safety, climate change, air quality, COVID-19, and newly important developments such as ride-hailing services, electric vehicles, and autonomous vehicles. Rigorous in approach and making use of real-world data and econometric techniques, the third edition features a new chapter on the special challenges of managing the energy that powers ...
This book represents a considerable revision and expansion of Public Choice II (1989). Six new chapters have been added, and several chapters from the previous edition have been extensively revised. The discussion of empirical work in public choice has been greatly expanded. As in the previous editions, all of the major topics of public choice are covered. These include: why the state exists, voting rules, federalism, the theory of clubs, two-party and multiparty electoral systems, rent seeking, bureaucracy, interest groups, dictatorship, the size of government, voter participation, and political business cycles. Normative issues in public choice are also examined including a normative analysis of the simple majority rule, Bergson–Samuelson social welfare functions, the Arrow and Sen impossibility theorems, Rawls's social contract theory and the constitutional political economy of Buchanan and Tullock.
"The swastika and similar symbols were employed by the ancestors of the modern-day Germans. With the Nazi seizure of power, studies of such ideographs became directly supported by the state. The Science of the Swastika is the first theoretically informed study of the relationship between an academic discipline and what the Nazis termed their Weltanschauung. It surveys the fate of Old Germanic studies under the Nazis, a discipline of especial interest to the forces of German reaction. German swastika studies also gave rise to the SS-Ahnenerbe, the antiquarian research organization through which medical experiments were later to be performed on the inmates of concentration camps. The Old Germanic studies of the Nazi period proved to be a creative foil to the almost overwhelmingly destructive side of National Socialism."--BOOK JACKET.
Political Economy of Transition and Development collects the proceedings of an international conference that brought the leading thinkers in this field to the Center for European Integration Studies of the University of Bonn in May, 2002. The contributions analyze the various interactions between institutions, policy choices, economic developments, and political outcomes in transition and developing countries. The first five chapters give a relatively broad assessment of the various reform paths and outcomes in the transition and developing countries. The remaining eight chapters proceed to analyze important aspects of transition such as voting behavior, political-regime choice, corruption, social capital, growth and inequality, and EU enlargement. The resulting volume thus combines a bird's eye perspective with a relatively narrow focus on selected key issues pertaining to the ongoing transition process in Central and Eastern Europe.