infonet-economy

This paper describes a technique for integrating several (many) virtual hyperbooks in a digital library. We consider a virtual hyperbook model that comprises a domain ontology. By interconnecting the hyperbook's ontologies, we can create a multi-point of view ontology that describes a set of hyperbooks. A hypertext interface specification language can use this ontology to…

Emerging computing infrastructures are heterogeneous, ubiquitous and mobile. Devices from personal computers, to handhelds, to printers, to embedded devices are very widely available. Further, today's wireless network infrastructures make it possible for devices to spontaneously interact. Many devices are mobile, carried by people or mobile machines. Thus, the environment…

This paper describes a new prototype of a semantic Service Oriented Architecture (SOA) called Spec Services. Instead of publishing their API through a protocol like SOAP, as Web Services do, services can register to a service manager a powerful syntactic description or even semantic description of their capabilities. The client entity will then send a syntactic or semantic…

The forthcoming wide availability of high bandwidth public wireless networks will give rise to new mobile health care services. Towards this direction the MobiHealth 1,2 project has developed and trialed a highly customisable vital signals ' monitoring system based on a Body Area Network (BAN) and an m-health service platform utilizing next generation public wireless networks.…

In dynamic wage bargaining models it is usually assumed that individual unemployment benefits are a fraction of the average wage level. In most countries, however, unemployment benefits are instead tied to the previous level of individually earned wages. We show how the analysis has to be modified if this fact is taken into account and compare our findings for the wage-setting curve…

The theoretical idea of personnel economics is to apply simple economic principles to
the field of human resources management. Personnel economics as a research field
has grown rapidly since the first text book on “Personnel Economics” was published
in 1998. The development is driven by new theoretical insights based on institutional
and behavioural economics…

In uniform auctions, buyers chosse demand schedules as strategies and the same "market clearing" price for units awarded. Despite the widespread use of these auctions, the extant theory shows that they are susceptible to arbitrarily large underpricing. We make a realistic modification to the theory by letting prices, quantities, and bids be discrete. We show that…

Is general equilibrium theory empirically testable? Our perspective on this question differs fromthe standard, Sonnenschein–Debreu–Mantel (SDM) viewpoint. While the SDM tradition considersaggregate (excess) demand as a function of prices, we suppose that what is observable is the equilibriumprice vector as a function of the fundamentals of the economy.We apply this perspective to…

"Economists long considered money illusion to be largelynirrelevant. Here we show, however, that money illusion has powerfulneffects on equilibrium selection. If we represent payoffs in nominal terms,nchoices converge to the Pareto inefficient equilibrium; however, if we liftnthe veil of money by representing payoffs in real terms, the Pareto efficientnequilibrium is selected.…