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Vildosola, Luis - EconWPA - 2002

This work is focused on identifying a circular pull production control system (PPCS) and make emphasis on the presence of a stability attribute. It is an introductory paper to an extended study of macroeconomic financial stability in a physically open but systemic closed system. Previous work...

Persistent link: https://www.econbiz.de/10005126234

Mark-up and Capital Structure of the Firm facing Uncertainty

Chatelain - EconWPA - 2004

This note shows that, with pre-set price and capital decisions of firms facing uncertainty and financial market imperfections, price, mark up and the expected degree of capacity utilization (resp. capital) decreases (resp. increases) with the firm internal net worth.

Persistent link: https://www.econbiz.de/10005134898

Firm and Industry Level Profit Efficiency Analysis Under Incomplete Price Data: A Nonparametric Approach based on Absolute and Uniform Shadow Prices

Kuosmanen, Timo; Kortelainen, Mika; Sipiläinen, Timo; … - EconWPA - 2005

We discuss the nonparametric approach to profit efficiency analysis at the firm and industry levels in the absence of complete price information, and propose two new insights. First, choosing one commodity (whose price is known) as a numeraire good enables us to measure profit inefficiency in...

Persistent link: https://www.econbiz.de/10005413294

Data Envelopment Analysis in Environmental Valuation: Environmental Performance, Eco-efficiency and Cost-Benefit Analysis

Kuosmanen, Timo; Kortelainen, Mika - EconWPA - 2004

Data Envelopment Analysis (DEA) is a linear programming based method for evaluating performance of comparable production units such as firms. Although the method is already extensively applied in many areas of economics, its use in environmental economics and related fields remains limited. The...

Persistent link: https://www.econbiz.de/10005556149

Technological Innovations: Slumps and Booms

Felli, Leonardo; Ortalo-Magne, Francois - EconWPA - 1997

This paper documents the delayed adoption of a major technological innovation: the adoption of the diesel locomotive in the US railway industry. Contrary to other instances of major technological innovations, the delay in the adoption of the diesel locomotive was not associated with an initial...

Persistent link: https://www.econbiz.de/10005077077

New Capital Estimates for China

Holz, Carsten A - EconWPA - 2005

Data on physical capital are an indispensable part of economic growth and efficiency studies. In the case of China, economy-wide fixed asset series are usually derived by aggregating gross fixed capital formation (net of depreciation) over time, and sectoral/ownership-specific series by...

Persistent link: https://www.econbiz.de/10005412585

Does a Soft Macroeconomic Environment Induce Restructuring on the Microeconomic Level during the Transition Period? Evidence from Investment Behavior of Czech Enterprises

Lizal, Lubomir - EconWPA - 2001

The paper analyzes investment behavior of industrial enterprises in the period immediately following price and foreign trade liberalization in the Czech Republic. It also focuses on the effect of Asoft@ macroeconomic environment on the microeconomic decisions. A dynamic investment function with...

Persistent link: https://www.econbiz.de/10005118676

Size and Efficiency in African Manufacturing Firms:Evidence from Firm-Level Panel Data

Söderbom, Måns; Teal, Francis - EconWPA - 2004

Three dimensions of the performance of firms in Ghana’s manufacturing sector are investigated in this paper: their technology and the importance of technical and allocative efficiency. We show that the diversity of factor choices in not due to a non-homothetic technology. Observable skills are...

Persistent link: https://www.econbiz.de/10005118707

Market Power and Efficiency in a Computational Electricity Market with Discriminatory Double-Auction Pricing

Nicolaisen, James; Petrov, Valentin; Tesfatsion, Leigh - EconWPA - 2000

operating in the short run under systematically varied concentration and capacity conditions. The pricing of electricity is …

Persistent link: https://www.econbiz.de/10005412999

Structure, Behavior, and Market Power in an Evolutionary Labor Market with Adaptive Search

Tesfatsion, Leigh - EconWPA - 2000

job capacity, job concentration, and market power. Job capacity is measured by the ratio of potential job openings to … potential work offers, and job concentration is measured by the ratio of work suppliers to employers. For each experimental … behaviors over time. The main finding is that job capacity consistently trumps job concentration when it comes to predicting the …

Persistent link: https://www.econbiz.de/10005561498

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