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We model the organization of the firm as a type of artificial neural network in a duopoly framework. The firm plays a repeated Prisoner's Dilemma type game, but also must learn to map environmental signals to demand parameters. We study the prospects for cooperation given the need for the firm...
Persistent link: https://www.econbiz.de/10005561514
and cross boarder trade in the piped water market. We argue that due to the specific circumstances in the water sector … networks could alternatively be used for cross boarder trade between neighboured water utilities. We show that competition by … lower than with cross border trade. However, the efficiency effect dominates and resulting welfare is higher in case of …
Persistent link: https://www.econbiz.de/10005412480
to coordinate when they are given little in-formation, i.e. when subjects are uninformed about the payoff matrix and feed … information prior to playing the game changes subject behaviour and significantly improves performance, even though standard … adaptive learning rules do not take such information into account and optimal adaptive rules do not differ much between the two …
Persistent link: https://www.econbiz.de/10005550889
THE CONCEPT OF AN INDUSTRY IS IMPORTANT FOR ECONOMIC ANALYSIS. HERE, WE DEFINE SUGAR INDUSTRY AS GROUP OF FIRMS … PRODUCING SUGAR THAT ARE CLOSE SUBSTITUTES BY THE USE OF IDENTICAL PRODUCTION PROCESSES AND RAW MATERIALS. HOWEVER, SUGAR … NIGERIAN SUGAR INDUSTRY HAVE NOT INDUCED GROWTH AND DEVELOPMENT AND THUS A MORE URGENT ATTENTION WAS NEEDED FROM THE POLICY …
Persistent link: https://www.econbiz.de/10005412927
During the six decades which encompass state planning of the sugar and alcohol industry in Brazil, production quotas …
Persistent link: https://www.econbiz.de/10005556867
On 28 August 1998 the Treasurer referred the impact of competition policy reforms on rural an regional Australia for inquiry and report within 12 months of receiving the reference. The Commission is to assess the impact (both transitional and ongoing) of the competition policy and related...
Persistent link: https://www.econbiz.de/10005118925
In August 2002, the Commission was asked to look at the economic and social importance of the different industries in the Great Barrier Reef and its catchment. The Commission also would evaluate the costs and benefits of actions to address declining water quality which currently threatens the...
Persistent link: https://www.econbiz.de/10005118947
Plenty of food, Sufficient clothing, Proper monitoring of the Key Socio- Economic factors, with commitment to Domestic Productivity were the Essence of the Administrative strategy of Mrs. Indira Gandhi (Late Prime Minister of India). These approaches could be critically related to the remarkable...
Persistent link: https://www.econbiz.de/10005076600
The article discusses the possible cost savings of contracting out refuse collection in the Netherlands. According to foreign econometric studies, contracting out refuse collection leads to cost savings of approximately 20%. Our findings indicate that similar cost savings apply to the...
Persistent link: https://www.econbiz.de/10005076614
This work attempts to shed light on the “information technology productivity paradox”. Employing a large data set of … information and communication technology (ICT) on output growth. Following Yorukoglu’s (1998) vintage capital idea, in which ICT …
Persistent link: https://www.econbiz.de/10005076878