The industrial development of emerging markets has been a powerful driver for mergers and acquisitions. The contributions collected in this book assess major M&A deals in the largest emerging capital markets (Brazil, Russia, India, China) and their role in shareholder value creation in the markets’ specific business environments. In addition, the book explores various dimensions of M&A deals in order to summarize the main trends in corporate control markets in the largest emerging countries, and how they differ from those in developed countries; to identify deal-performance relationships and the determinants of success or failure; to reveal the drivers for the premium in M&A deals; and to capture market responses to different M&A strategies. By doing so, the book makes a significant contribution to the literature, which has to date largely focused on developed markets.
"Экономика символического обмена" дважды издавалась в России. Впервые — в ноябре 2006 г., повторно — в апреле 2007 года. Становилась победителем конкурса "Лучшая книга года" за 2006 год в номинации "Лучшее издание деловой литературы". Одна из центральных проблем исследования — вопрос об ограниченной работоспособности денег в культуре. Александр Долгин развивает идеи нобелевского лауреата Дж. Акерлофа, изучая специфику действия тенденции ухудшающего отбора в поле культуры. Автор вводит в обращение новую категорию — качественное личностное время человека — понятие, позволяющее отстроить подсчет результата в культуре гораздо точнее и объемнее, чем кассовые сборы, которыми оперирует современная экономика. Цель издания — введение в оборот новой социальной практики и нового инструментария для преобразований в сфере культуры. Для чего в книге спроектирован социальный институт потребительской экспертизы культурных благ, основанный на коллаборативной фильтрации (иначе говоря, на коллективной потребительской сертификации качества). В настоящее время идея реализована на практике под именем рекомендательного сервиса Имхонет (www.imhonet.ru) — система активно развивается, уже сейчас ей пользуются 350 000 человек. Сервис дает ответ на ряд острейших вопросов: потребительская навигация в условиях постоянно возрастающего ассортиментного предложения, выстраивание обратной связи между производителем и потребителем и т.д. Поскольку в книге идет речь о культуре в цифровую эпоху, когда многие традиционные механизмы не работают или работают со сбоями, автор подробно анализирует систему авторского права. Неслучайно "Экономика символического обмена" стала первым изданием в России, вышедшим в свет под грифом "копилефт". Аналогично поступило и издательство Springer, впервые в своей практике опубликовав книгу под лицензией Creative Commons.
Bridging the gap between higher education research and policy making was always a challenge, but the recent calls for more evidence-based policies have opened a window of unprecedented opportunity for researchers to bring more contributions to shaping the future of the European Higher Education Area (EHEA). Encouraged by the success of the 2011 first edition, Romania and Armenia have organised a 2nd edition of the Future of Higher Education – Bologna Process Researchers’ Conference (FOHE-BPRC) in November 2014, with the support of the Italian Presidency of the European Union and as part of the official EHEA agenda. Reuniting over 170 researchers from more than 30 countries, the event was a forum to debate the trends and challenges faced by higher education today and look at the future of European cooperation in higher education. The research volumes offer unique insights regarding the state of affairs of European higher education and research, as well as forward-looking policy proposals. More than 50 articles focus on essential themes in higher education: Internationalization of higher education; Financing and governance; Excellence and the diversification of missions; Teaching, learning and student engagement; Equity and the social dimension of higher education; Education, research and innovation; Quality assurance, The impacts of the Bologna Process on the EHEA and beyond and Evidence-based policies in higher education.
The book is devoted to the analysis of attainability regions and partial equilibria in physicochemical and other systems. This analysis employs the extreme models of classical equilibrium thermodynamics. Consideration is given to the problem of choosing, from the set of equilibrium states belonging to the attainability regions, that equilibrium corresponding to the extreme values of a property of interest to a researcher. For example, one might desire to maximize the concentration of target products of a chemical reaction. The problem of coordinating thermodynamics and kinetics is very important in the analysis presented.
These proceedings have been written in an attempt to communicate the major purpose of the NATO Advanced ResearchWorkshop (ARW), 2013, that is, to bring to light the possibilities of performance, based on the actual level, of the everpromising THz (terahertz) technology, a kind of Araba Fenice, not yet known tomost technical operators, especially its appeal in security applications. To achieve this, the ARWhas invited highly experienced scientists with expertise in THz science and technology and its application areas. We begin with the consideration that the risk of mass murder due to terroristic attacks is on the rise, thus posing a threat for security in the civil and military world. To counter this problem, we look at one of the most appealing, newly emerging, technologies that is based on the THz detection of explosives and other forms of threats. However, operational difficulties (both for THz sensors and sources), especially regarding size, complexity of use, overall cost, and the need of very low temperatures for sensors, strongly limit the application of this technology. To find solutions to these and related issues, we invited expert scientists to present review papers on the most advanced sensors and sources based on THz technology, especially for security system applications. The ARW has been conferred the major task of describing the most advanced technologies, in terms of identifying their operational strengths and weaknesses, forecasting the best technological solutions to overcome the actual operational limits, and suggesting to the NATO SPS (Science for Peace and Security) Division the most reliable ways to proceed for future developments. To achieve a broad evaluation of the above aspects, a questionnaire on various key points with regard to the actual performance and possible future developments in the field of THz science, technology, and applications has been discussed.
This volume discusses post-socialist urban transport functioning and development in Russia, within the context of the country’s recent transition towards a market economy. Over the past twenty-five years, urban transport in Russia has undergone serious transformations, prompted by the transitioning economy. Yet, the lack of readily available statistical data has led to a gap in the inclusion of Russia in the body of international transport economics research. By including ten chapters of original, cutting-edge research by Russian transport scholars, this book will close that gap. Discussing topics such as the relationship between urban spatial structure and travel behavior in post-soviet cities, road safety, trends and reforms in urban public transport development, transport planning and modelling, and the role of institutions in post-soviet transportation management, this book provides a comprehensive survey of the current state of transportation in Russia. The book concludes with a forecast for future travel development in Russia and makes recommendations for future policy. This book will be of interest to researchers in transportation economics and policy as well as policy makers and those working in the field of urban and transport planning.
This is the first book on the U.S. presidential election system to analyze the basic principles underlying the design of the existing system and those at the heart of competing proposals for improving the system. The book discusses how the use of some election rules embedded in the U.S. Constitution and in the Presidential Succession Act may cause skewed or weird election outcomes and election stalemates. The book argues that the act may not cover some rare though possible situations which the Twentieth Amendment authorizes Congress to address. Also, the book questions the constitutionality of the National Popular Vote Plan to introduce a direct popular presidential election de facto, without amending the Constitution, and addresses the plan’s “Achilles’ Heel.” In particular, the book shows that the plan may violate the Equal Protection Clause from the Fourteenth Amendment of the Constitution. Numerical examples are provided to show that the counterintuitive claims of the NPV originators and proponents that the plan will encourage presidential candidates to “chase” every vote in every state do not have any grounds. Finally, the book proposes a plan for improving the election system by combining at the national level the “one state, one vote” principle – embedded in the Constitution – and the “one person, one vote” principle. Under this plan no state loses its current Electoral College benefits while all the states gain more attention of presidential candidates.
The utility maximization paradigm forms the basis of many economic, psychological, cognitive and behavioral models. Since it was first devised in the eighteenth century, numerous examples have revealed the deficiencies of the concept. This book makes a contribution to overcome those deficiencies by taking into account insensitivity of measurement threshold and context of choice. It covers classic theory as a special, context-free case and gives a systematic overview of new models of utility maximization within a context-dependent threshold as well as related preference and choice models. The second edition has been updated to include the most recent developments and a new chapter on classic and new results for infinite sets. The presented models will be helpful to scientists in economics, decision making theory, social choice theory, behavioral and cognitive sciences, and related fields.
A classically rational subject is a maximiser: he chooses the best alternative(s) according to some utility function, a paradigm going back to the eighteenth century. One of the ways to overcome its well-known deficiences is to extend it to take into account insenitivity threshold as well as the context of choice. This book gives a systematic overview on the extended utility maximisation theory covering the classic theory, the theory of utility maximisation within a context-free or context-dependent threshold, and the related preference and choice models. The presented models will be helpful to specialists in economics, decision making theory, social choice theory, behavioral and cognitive sciences, and related fields.
Vladimir Arnold was one of the great mathematical scientists of our time. He is famous for both the breadth and the depth of his work. At the same time he is one of the most prolific and outstanding mathematical authors. This second volume of his Collected Works focuses on hydrodynamics, bifurcation theory, and algebraic geometry.
This book addresses the peculiarities of the current presidential election system not yet addressed in other publications. It argues that any rules for electing a President that may have a chance to replace the current ones should provide an equal representation of states as equal members of the Union, and of the nation as a whole. This book analyzes the National Popular Vote plan and shows that this plan may violate the Supreme Court decisions on the equality of votes cast in statewide popular elections held to choose state electors. Thus, the National Popular Vote plan may violate the Equal Protection Clause of the Fourteenth Amendment. The book proposes a new election system in which the will of the states and the will of the nation as a whole are determined by direct popular elections for President and Vice President in the 50 states and in D.C. This system a) would elect President a candidate who is the choice of both the nation as a whole and of the states as equal members of the Union, b) would let the current system elect a President only if no such candidate exists, and c) would encourage the candidates to campaign nationwide.