Category archives: Economics

Optimising production and stock management for blood platelet concentrates

Optimising production and stock management for blood platelet concentrates

EconomicsMathematicsMedicinePharmacy

By Invited Researcher

Blood from donations is separated into three components: red cells, platelets and plasma, and one component or another is then transfused into patients according to their needs. The conditions for storage differ for each component: red cell concentrates can be kept for up to 42 days at temperatures of 1-6ºC. Platelet concentrates (PC) are stored […]

A world of open borders

A world of open borders

Economics

By José Luis Ferreira

“We asked for workers. We got people instead.” Max Frisch In a past article, I reviewed the recent literature on the effects of immigration on the labor market. To sum up, it finds no significant negative effects on employment or wages of native workers while it boosts the local economy. From here, one may be […]

Free water policy in South Africa

Free water policy in South Africa

Economics

By José Luis Ferreira

Standard supply and demand analysis shows that competitive markets will deliver a given commodity up to the point where costs (as perceived by producers) equal benefits (as perceiver by consumers). When both producers and consumers internalize all costs and benefits, the result is efficient in the sense that the market does not dilapidate resources. An […]

Costs and compensations within the EU Emissions Trade Scheme

Costs and compensations within the EU Emissions Trade Scheme

Economics

By José Luis Ferreira

The European Association of Environmental and Resource Economics has awarded its 2015 Erik Kempe Award to Ralf Martin, Mirabelle Muûls, Laure B. de Preux, and Ulrich J. Wagner for their research “Industry Compensation Under Relocation Risk: A Firm-Level Analysis of the EU Emissions Trading Scheme,” published recently in the American Economic Review. I summarize their […]