Study on the desirability of EC level legislation in the area of software patents. It is based on a comparative analysis of the present state of the law, and the advantages and disadvantages appearing from current practice in the EC Member States, the United States and Japan. While its principal...

This study has been carried out at the request of the EGE for the preparation of Opinion n°16 "Ethical aspects of patenting inventions involving human stem cell" , 12 January 2002

This paper compares securities settlement gross and netting architectures. It studies settlement risk arising from exogenous operational delays and compares settlement failures between the two architectures as functions of the length of the settlement interval under different market conditions....

Capital-labor substitution and total factor productivity (TFP) estimates are essential features of growth and income distribution models. In the context of a Monte Carlo exercise embodying balanced and near balanced growth, we demonstrate that the estimation of the substitution elasticity can be...