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The adoption of Smart Manufacturing Systems in manufacturing companies is often seen as a strategy towards achieving improvements in productivity. However, there is little evidence to indicate that UK manufacturing SMEs are prepared for the implementation of such systems. Through the employment...
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additional delivery risk on hedgers. This paper derives the optimal production and futures hedging strategy for a risk …
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Are efficiency improvements in the use of natural resources the key for sustainable development, are they the solution to environmental problems, or will second round effects –so-called rebound effects- compensate or even overcompensate potential savings, will they fire back? The answer to...
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We study the link between second-best production efficiency and the constraints on income distribution imposed by … [1972], Hahn [1973], and Sadka [1977] about firm-specific profit taxation leading to second-best production efficiency …-best production efficiency under some configuarations of private ownership without any (or at best, uniform) profit taxation. The …
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