73,629 research outputs found
The impact of EC-92 on developing countries'trade : a dissenting view
No full textMost benefits of the European Community (EC-92) program will probably not come from marginal changes in trade flows. Those changes are important to European policymakers, but are of remote interest to developing countries. The main threats to developing countries are the diversion of investment funds to EC countries and continued external barriers, especially nontariff barriers. The EC expects higher growth and lower prices as a result of EC-92. The net effect on developing countries of the removal of internal trade barriers depends on the country's income and price elasticities with the EC. Current estimates suggest the effect will be small. If new external barriers emerge, or if EC-wide barriers replace national barriers, EC firms may collaborate more with large US or Japanese firms. None of these developments will improve developing countries'trade in manufactures and services. Investment in EC countries may increase to meet the extra demand, growth, or trade diversion resulting from EC-92. This could lead to increased investments in developing countries but given heavy indebtedness in developing countries, is more likely to divert investment funds, thus limiting their future production and growth. Technical standards in EC-92 may also be tougher than national standards in member countries, which could hurt developing country exporters. Is"Fortress Europe"likely? The EC Commission says no, but the Community's record is not good.Environmental Economics&Policies,Economic Theory&Research,TF054105-DONOR FUNDED OPERATION ADMINISTRATION FEE INCOME AND EXPENSE ACCOUNT,Trade and Regional Integration,Trade Policy
Changing Views of Competition and EC Antitrust Law
No full textDuring the last few years the application of EC antitrust law has been subject to a number of changes, aiming at giving a greater role to economic analysis. This is leading to the abandonment of the traditional ordoliberal inspiration of EC competition law. This paper explores how justi ed is this change. In particular it argues that economic analysis provides di erent views of how competition works and thet it may a ect the application of antitrust at di erent stages. From this point of view a more economic approach is not necessarily incompatible with a reformed ordoliberal paradigm. What appears incompatible is an approach which substitutes eciency for competition. Such an approach has gained a role in the US antitrust, but its extension to the EC legal context is bound to produce a number of problems, and to lead to results di erent from the desired ones.antitrust,models of competition,ordoliberal paradigm,EC competition law
EC Bananarama 1992 : the sequel - the EC Commission proposal
No full textSome European Community (EC) countries give preferred market access and high prices to bananas from selected developing countries or EC regional suppliers. This preferential status is regarded as a form of aid to these countries, most of which are developing small island economies. EC marketers of bananas from these preferred suppliers also benefit because of the high retail prices. Nonpreferred suppliers - mainly developing countries of Latin America - are hurt by the policies because access is denied or restricted and the lower demand depresses the world price for bananas. The Community's commitment to establish a single unified EC banana market on December 31, 1992 provides a timely opportunity to reform existing distortionary trade policies. The recently announced proposal of the Commission of ECs to regulate banana trade within a unified market relies on quotas to control imports. The proposal is extremely complicated. It is designed to severely restrict competition and to maintain the advantages of selected groups. The authors update their earlier analysis of world banana trade to reflect the market in 1993. They evaluate the implications of the Commission's proposal alongside existing and alternative policies. They find that current policies cost EC consumers about 0.3 billion a year to preferred suppliers. So, it costs EC consumers about 1.00 of aid toselect developing countries or regions. Additionally, every dollar of aid reaching preferred suppliers costs other developing country suppliers 5.30 cost to EC consumers, over 1.00 is lost in outright waste. Several plausible versions of the Commission's proposal are modelled. At best they are found to be slightly less costly than existing policies and at worst, considerably more costly. A 3.5 percent reduction in the quota allocation is estimated to lead to a 30 percent increase in the cost of the proposal. The authors conclude that the Commission's proposal for a unified EC banana policy appears to be little more than a way of replacing existing distortionary national policies with an almost equally distortionary single policy and market. The only difference: the costs would be borne by consumers in all EC countries rather than consumers in only some countries. Worse still, costs could increase. Markets that now gain the benefits of mostly open and competitive marketing such as Germany would face closed and uncompetitive conditions. For developing countries exporting bananas, the proposal offers little. At best conditions may be no worse than they are now. At worst the policy could hurt Latin American suppliers even more than current policies and introduce considerable confusion about the level of support to preferred suppliers. Under the proposed quota system aid will not be well targeted. A more efficient way of achieving the EC's aid commitment is through a small tariff of about 17 percent, used to fund a system of well-targeted deficiency payments or direct aid. The only reason for choosing the Commission's proposal over simpler, tariff-based options seems to be to maintain the vested interests of protected EC markteters. But this is contrary to the objectives of unification, which are to seek gains from increased competition and trade.Environmental Economics&Policies,Access to Markets,Markets and Market Access,Economic Theory&Research,Consumption
Politically Acceptable Trade Compromises Between The EC and The US: A Game Theory Approach
No full textA model is developed to quantify the special status of agriculture in the US and the EC trade negotiations. The role of special interests are measured by a policy goals function (PGF) whose weights are estimated for each special interest group. The analysis searches for mutually acceptable, mutually advantageous trade agreements between the US and the EC using a partial equilibrium world trade model coupled with game theory. Results suggest that it is in the best interest of the US (resp. EC) 'for the EC (resp. US) to liberalize whi1e the other follows the status quo policies of 1986. Mutual gains in PGF values to both countries pursuing "large" liberalizations are unlikely to exist, although "small" liberalizations may give rise to "small" mutual gains. Altering each country's action space, and permitting compensatory payments to the most influencial groups yields trade liberalization, but free trade does not result.game theory, trade liberalization, trade negotiations, International Relations/Trade,
Fighting cartels: some economics of council regulation (EC) 1/2003
No full textThis paper investigates the effectiveness of the new Council Regulation (EC) 1/2003 which replaces the mandatory notification and authorization system by a legal exception system. Effectiveness is operationalized via the two subcriteria compliance to Art. 81 EC Treaty and the probabilities of type I and type II errors committed by the European Commission. We identify four different types of Perfect Bayesian Nash Equilibria: fullcompliance, zero-compliance, positive-compliance and full-deterrence. We show that the Commission can, in principle, hit the full-compliance equilibrium, where the cartelizing firms fully obey the requirements of Art 81(3) EC Treaty and both error probabilities are zero. --competition law,cartel law enforcement,legal exception,imperfect
Characterising EC regulation: emulation, innovation, re-regulation
No full textThe thesis characterises European Community (EC) regulation in terms of three levels of ideas, namely that: (a) the EC regulatory process is best understood by particular styles or processes of regulation that the thesis terms emulation, innovation and re-regulation; (b) there are particular determinants or causes of regulation that are best understood as regulatory competition, consensus and co-operation; and (c) a hypothesis can be derived from the review of associated literature to the effect that diffusion of ideas and policy learning leading to consensus and co-operation are often of greater significance than regulatory competition in the EC regulatory process. To this end, taking as a frame of reference the characterisation of styles or processes of regulation as emulation, innovation and re-regulation, the thesis challenges the assumption, prevalent in much of the literature, that the main determinant or cause of EC regulation is regulatory competition among member states seeking to enhance their own competitive position in the European market and reduce the costs associated with legal adjustment. Using evidence from case study material relating to EC regulation of insurance services and drinking water quality the thesis tests the hypothesis that, although the literature has stressed regulatory competition as the main determinant or cause of EC regulation, in practice diffusion of ideas and policy learning are likely to occur, leading to co-operation between actors in a manner that ensures the emergence of a broad consensus on the preferred EC regulatory approach without recourse to regulatory competition at all. The thesis finds that regulatory competition is not, in fact, the only determinant or cause of EC regulation. Instead, diffusion of ideas and policy learning leading to consensus and co-operation are of crucial importance and should be accorded greater significance in the literature than has been the case in the past
The Singer or the Song? Developments in Performers' Rights from the Perspective of a Cultural Economist
No full textOver the last century, performers gradually acquired statutory protection of their economic and moral
rights. These rights are not copyright in the legal sense but neighboring rights and until recently, they
were mainly remuneration rights that are collectively administered. With the WPPT (WIPO
Performers and Phonograms Treaty), performers now have individual exclusive rights for digital
performances; this leads to the question: what has motivated this change – is it a change in the
perception of the value of performer or a change brought about by the changing technology of copying or,
indeed, a change that reflects different economic costs and benefits? The paper discusses the role of
copyright law as an incentive to performers and asks if the economic role of the performer is so different
from that of the author. The conclusion is that a complex interaction of the legal regulations, economic
conditions and institutional arrangements for administering these new rights will determine the outcome
Is EC class predictable from reaction mechanism?
No full textWe thank the Scottish Universities Life Sciences Alliance (SULSA) and the Scottish Overseas Research Student Awards Scheme of the Scottish Funding Council (SFC) for financial support.Background: We investigate the relationships between the EC (Enzyme Commission) class, the associated chemical reaction, and the reaction mechanism by building predictive models using Support Vector Machine (SVM), Random Forest (RF) and k-Nearest Neighbours (kNN). We consider two ways of encoding the reaction mechanism in descriptors, and also three approaches that encode only the overall chemical reaction. Both cross-validation and also an external test set are used. Results: The three descriptor sets encoding overall chemical transformation perform better than the two descriptions of mechanism. SVM and RF models perform comparably well; kNN is less successful. Oxidoreductases and hydrolases are relatively well predicted by all types of descriptor; isomerases are well predicted by overall reaction descriptors but not by mechanistic ones. Conclusions: Our results suggest that pairs of similar enzyme reactions tend to proceed by different mechanisms. Oxidoreductases, hydrolases, and to some extent isomerases and ligases, have clear chemical signatures, making them easier to predict than transferases and lyases. We find evidence that isomerases as a class are notably mechanistically diverse and that their one shared property, of substrate and product being isomers, can arise in various unrelated ways. The performance of the different machine learning algorithms is in line with many cheminformatics applications, with SVM and RF being roughly equally effective. kNN is less successful, given the role that non-local information plays in successful classification. We note also that, despite a lack of clarity in the literature, EC number prediction is not a single problem; the challenge of predicting protein function from available sequence data is quite different from assigning an EC classification from a cheminformatics representation of a reaction.Peer reviewe
Clinical and prognostic value of 18 F-FDG PET/CT in recurrent endometrial carcinoma
No full textPurpose: Endometrial carcinoma (EC) is a cancer with a good overall prognosis, except in cases of recurrent or advanced EC. The aim of this study was to assess the diagnostic performance, the prognostic value and the impact on therapeutic management of 18 F-FDG PET/CT in suspected recurrent EC. Materials and methods: We retrospectively evaluated 157 patients with histologically proven EC and restaging 18 F-FDG PET/CT for suspected recurrence. The PET images were analyzed visually and semi-quantitatively by measuring SUVmax, MTV and TLG. A combination of clinical/imaging follow-up and/or histopathology was taken as reference standard. Progression-free survival (PFS) and overall survival (OS) were computed using Kaplan-Meier curves. Results: Seventy-nine patients had positive 18 F-FDG PET/CT showing the presence of at least one hypermetabolic lesion consistent with recurrence, while the remaining 78 were negative. Sensitivity, specificity, positive predictive value, negative predictive value and accuracy of 18 F-FDG PET/CT were 96%, 99%, 99%, 96%, 97%, respectively, and were higher compared to conventional imaging: 97%, 62%, 72%, 96%, 80%. After a mean follow-up of 39 months, relapse/progression occurred in 58 patients and death in 37 with an average time of 22.1 and 27.6 months, respectively. A positive 18 F-FDG PET/CT and advanced FIGO stage were significantly associated with shorter PFS and OS. PET/CT results had a significant impact on therapeutic approach in 33 patients: avoiding unnecessary therapies in 28 and modifying therapy in 5. Conclusions: 18 F-FDG PET/CT has a very good diagnostic performance in patients with suspected recurrent EC and has an important prognostic value in assessing PFS and OS. Moreover, PET/CT allowed for a change in treatment decision in about 20% of cases
The establishment of foreign companies in Greece with particular reference to the compliance by Greece with EC law
No full textThis thesis deals with the conditions for the recognition and establishment of branches, agencies, off-shore units and subsidiaries of foreign public companies limited by shares in Greece. The relevant Greek laws are analysed in the first chapter, whereas chapter two deals with the comparative analysis of the Greek regime with the relevant provisions of EC law. In the third chapter (which is of particular interest due to the lack of relevant bibliography) reference is made to special Greek laws, that impose limitations on the activities of foreign companies in Greece, thus hindering their free establishment. Chapter four is devoted to the presentation of Greek law on the establishment of foreign maritime companies and the comparative analysis of the Greek regime with the regulations of the Treaty of Rome on this sphere. This analysis was considered necessary due to the vital importance of maritime companies and trade for the Greek economy and the particularly restrictive Greek regime on the establishment of foreign companies. Having concluded that Greek law violates the relevant EC regulations, an attempt is made to provide answers to the following questions: why did the EC fail to enforce its regulations in Greece and what is the protection offered to foreign companies that are prohibited from establishing there. The results of the thesis justify this research. Greece does not comply with EC law on the establishment of foreign companies. Furthermore, the enforcement of EC law in Greece seems impossible both on a Community and a national level. I only hope that the publication of more relevant analyses on the laws of member states will persuade the respective EC and national authorities that the passing of EC legislation does not suffice for the unification of Europe and the successful realization of the European ideal
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