The public perception of fisheries is that they are in crisis and have been for some time. Numerous scientific and popular articles have pointed to the failures of fisheries management that have caused this crisis. These are widely accepted to be overcapacity in fishing fleets, a failure to take the ecosystem effects of fishing into account, and a failure to enforce unpalatable but necessary re...

Broadband access providers today have an overcapacity in infrastructure, while their service penetration remains low. This has led to the introduction of intermediate service levels, so that first-time consumers start experiencing the benefits of these new services. We analyze the effect of a novel pricing scheme, called 'liquid bandwidth', whereby customers can upgrade their services for a sma...

Studies on the calibration of subjective probabilities find that people tend to overestimate the precision of their knowledge. In this paper we develop a semi-rational model and apply it to the real estate markets in Hong Kong and other Asian countries. The key point is that a person is rational about her/his private information until her/his private information is confirmed by a clearly define...

A new viewpoint of the processing performed by Kanerva's sparse distributed memory (SDM) is presented. In conditions of nearor overcapacity, where the associative-memory behavior of the model breaks down, the processing performed by the model can be interpreted as that of a statistical predictor. Mathematical results are presented which serve as the framework for a new statistical viewpoint of ...

There is a growing recognition that despite the difficulties confronting firms in formalizing knowledge, the contemporary economy is characterized by intensifying pressures for the conversion of tacit into codified, if not commodified knowledge. Thus researchers are increasingly recognizing that globalization is associated with strong pressures for the codification of often highly localized tac...

Over the last two decades, management of fishing capacity has been a central focus of the Common Fishery Policy (CFP) of the European Union (EU). At the global level, the capacity issue was given high priority on the political agenda by the Food and Agriculture Organization of the United Nations (FAO) in the late 1990s. A series of studies and meetings aimed at defining and measuring capacity e...

Abstract The coalition agreement of the current German government envisages 400,000 newly built dwellings per year. For time being, this target will be missed by a wide margin, despite (re)establishment Ministry Construction. In meantime, tide in construction sector seems to turning: previously observed overcapacity is no longer most pressing problem, but rather turnaround interest rates and ri...

In recent years, China’s economic growth speed has been slowing down, leading to the problems of overcapacity and unbalanced regional development, mismatch between industrial financial structure is becoming intense. This paper, starting with relationship among growth, structure, summarizes research by former scholars. On this basis, using data 31 provincial panel in China from 2007 2016, articl...