Investment and Innovation State Support of Agriculture in Russia as a Condition of WTO

Russian agriculture is one of the industries operating in the unstable economic situation in a developing market taking into account risks of the world economy, economic, political, and climatic factors. The role of agriculture is to provide people＇s needs for food, significant effects on employment, the efficiency of domestic production, and way of life in rural areas by obligatory preserving food security in Russia. One of the major tasks for agriculture is the development of innovations and investments aimed at improving the competitiveness of the domestic agricultural sector. Russia＇s membership in the WTO since 2012 is getting a particular importance in the innovation and investment support of agriculture. The strategy of innovative development of the Russian Federation until 2020 ＂Innovative Russia--2020＂ assumes three possible options for innovative development： inertial （directed on imports）, catch-up development and a local technological competitiveness and a variant of achieving leadership in leading scientific and technical sectors, and fundamental research. A positive point is that the strategy provides an algorithm of state support of the innovation cycle. The innovation cycle is the process associated with the sequence of innovation transformations （scientific or business ideas） in products, technology, business process and launches it on the market for commercial use. A positively developing regional aspect is of great importance.     

Scientific and technological interactions between Russia and Ukraine: Forecasting opportunities and mechanisms for their implementation

The paper presents the research results of an investigation into the state of scientific, technological, trade and economic interactions between Russia and Ukraine in terms of their potential, prospects, and problems impeding their cooperation. It is shown that there is a considerable scientific and technological potential both in Russia and Ukraine. Opportunities and conditions for the modernization of both countries’ economies are shown to depend on the coordinated use of their potentials.     

Integrated energy systems: Challenges,trends, philosophy

The creation of an energy metasystem that combines electrical, heat, cooling, and gas supply systems on an intellectual framework is a manifestation of a new energy paradigm. Integrated intelligent power supply systems combine complexity, intelligence, efficiency, reliability, controllability, flexibility of energy conversion, transmission, storage technologies and assume an active consumer.     

Reparations for African‐Americans as a Transfer Problem: A Cautionary Tale

We examine how different methods of reparations payments to African‐Americans affect both the black and nonblack populations of the United States using the framework of the transfer‐problem from international trade theory as a theoretical foundation. We find that reparations payments that provide incentives for blacks to use the payment toward purchases of goods and services produced by nonblacks might expand the income gap. Also a reparations payment in the absence of productive capacity owned by blacks is found to have no final positive impact on black income. These results indicate that a reparations payment strategy must be carefully and cautiously conceived in order to achieve the desired effects.     

Efficiency characteristics of a market for state contingent claims

This paper concludes that a market for state-contingent claims (UK horserace betting) displays evidence of pervasive but heterogeneous forms of inefficiency, in significant contrast to earlier investigations. Using hitherto unavailable data, comparison of notional returns implicit in parallel sets of bookmaker and parimutuel odds identifies inefficiency in terms of zones of distinct but contrasting forms of cross-;market returns differential. The inefficiency is rationalized in terms of both buyer and supplier behaviour; its durability is explained in terms of limited arbitrage opportunities.     

Executive GDSS: Behavioral considerations at individual,organizational, and environmental levels of analysis

This article emphasizes the importance of behavioral considerations at individual, organizational, and environmental levels of analysis when researching and evaluating the design, implementation, and use of group decision support systems (GDSS) within complex organizations. Discussion is based on interview and archival data collected on an executive level GDSS used within a corporate setting. Issues that are considered generalizable to organizational computing, coordination, and collaboration technologies concern (a) viewing organization participants as strategic, intuitive information processors, (b) understanding the importance of organizational power, politics, and situational constraints on decision making, and (c) appreciating the symbolic value of advanced information technologies to an organization's external environment.     

Assessing costs and benefits of pest management on forested landbases in eastern and western Canada

To assist pest management planning, the Canadian Forest Service developed the Spruce Budworm Decision Support System (SBW DSS), which quantifies the timber supply impacts of protecting stands against spruce budworm (Choristoneura fumiferana Clem.) defoliation. We incorporated protection costs and timber product values in this system to evaluate economic aspects of spruce budworm control. The analysis allows pest managers to evaluate the degree to which the traditional volume protection priority objective corresponds to three economic criteria, namely the volume protected per dollar protection program cost, the benefit–cost ratio of the protection program, and the net present value of the protection program. Twelve alternative spruce budworm protection strategies were analyzed on Crown License 1 in New Brunswick and Prince Albert Forest Management Area (PAFMA) in Saskatchewan, based on a number of protection program extents and intensities. For both landbases under base-case market conditions, the largest, most intensive protection scenario provided the highest amount of volume saved and net present value (at 3.94 Mm³ and $39.98 M for PAFMA, and 4.04 Mm³ and $41.49 M for License 1, respectively) while smaller, less-intensive programs provided the highest benefit–cost ratios and volume protected per present value dollar of protection cost (at 8.22 and 0.52 m³/$ for PAFMA, and 10.26 and 0.65 m³/$ for License 1, respectively). Sensitivity analysis on product values and protection costs revealed that smaller, less-intensive programs could also produce the highest net present values when costs are higher and/or product values lower. These results highlight the conditions under which pest managers should consider deviating from their traditional strategy of maximizing volume saved to one that maximizes the economic returns of protection.     

Endogeneity and the relationship between board structure and firm performance: a simultaneous equation analysis for the Athens Stock Exchange

The main goal of this paper is to examine the relationship between the three most important characteristics of the board of directors with firm performance. More specifically, we investigate whether the independence of the board, the leadership structure and the board size, are exogenous determinants to the firm's performance, using a simultaneous equations framework. Our database is composed of firms quoted in the ASE, starting from 146 observations in 2000 and ending with 232 firms in 2006. The findings suggest that the board independence and the leadership structure do not affect the firm performance. On the other hand, an inverse relationship between board size and firm performance is observed. Copyright © 2010 John Wiley & Sons, Ltd.     

Problems of Emergency Arbitration

This paper explores ethical burdens facing the economics profession which are associated with epistemic features of economic practice. Economists exert power over those they purport to serve by virtue of epistemic asymmetry between themselves and others, i.e., the intellectual monopoly they enjoy over a vitally important body of knowledge. But they also face the problem of epistemic insufficiency, which implies that they may do substantial harm as they try to do good. The paper explores the ethical entailments of the epistemic features of economics, and argues that managing the ethical challenges requires a new field of inquiry, the field of professional economic ethics, and not just a code of conduct.