Showing 1 - 10 of 4,389
This paper examines the production decision of the competitive firm under uncertainty when the firm is not only risk … profit and the maximum profit attained by making the optimal production decision had the firm observed the true realization …
Persistent link: https://www.econbiz.de/10010729854
This paper studies the evolution of China's production and trade patterns during its integration into the global … economy. We document and explain new facts concerning changes in production and exports at the industry and firm levels using … that capital deepening made China's production and exports more capital-intensive, although labor-biased productivity …
Persistent link: https://www.econbiz.de/10014544694
contribution of the new, private firms in the Czech Republic to find that production and employment in the clothing industry …
Persistent link: https://www.econbiz.de/10005136480
show that the firm's optimal production and hedging decisions depend crucially on the degree of forward market …
Persistent link: https://www.econbiz.de/10010664345
This paper examines the behavior of a regret-averse producer facing revenue risk. To insure against the revenue risk, the producer can purchase a coinsurance contract with an endogenously chosen coinsurance rate. Regret-averse preferences are characterized by a utility function that includes...
Persistent link: https://www.econbiz.de/10010573286
Emergence is a unifying theme of both evolutionary economics and complex systems theory. In spite of this centrality, emergence in economics has not been subject to an extensive critical analysis. This paper remedies this deficit. We identify several conditions that economic patterns (i.e....
Persistent link: https://www.econbiz.de/10011048163
a measure of the total production of the journal. In this paper, in order to obtain measures of the efficiency in the … production process, the approach provided by stochastic frontier analysis (SFA) is considered, and econometric models are … proposed. These models estimate a frontier production, which is the maximum achievable number of citations to the journal based …
Persistent link: https://www.econbiz.de/10011039475
Purpose – This paper aims to measure and compare agricultural total factor productivity (TFP) growth in China and India and relates TFP growth in each country to policy milestones and investment in agricultural research. Design/methodology/approach – TFP is measured using a non-parametric...
Persistent link: https://www.econbiz.de/10009366454
Persistent link: https://www.econbiz.de/10014524807
Persistent link: https://www.econbiz.de/10014424050