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Schlicht, Ekkehart - Volkswirtschaftliche Fakultät, … - 2008

Wage Dispersion and Efficiency. It is often assumed that markets generate efficient allocations, but these are not … compensating differentials will increase both efficiency and fairness, quite in line with the classical position taken by Adam … Differentiale heranführen dienen zugleich der Verbesserung der Effizienz und der Gerechtigkeit. …

Persistent link: https://www.econbiz.de/10005187319

The Demand for Tailored Goods and the Theory of the Firm

Thiele, Veikko - Volkswirtschaftliche Fakultät, … - 2007

The transaction cost theory predicts that firms are inclined to vertically integrate transactions in response to the specificity of their required inputs. Yet, reality proves that some firms engage in repeated transactions with external suppliers aimed at procuring highly specific inputs. To...

Persistent link: https://www.econbiz.de/10005835408

‘Make-or-Buy’ in International Oligopoly and the Role of Competitive Pressure

Dermot, Leahy; Catia, Montagna - Volkswirtschaftliche Fakultät, … - 2007

We study how competitive pressure influences the make-or-buy decision that oligopolistic firms face between producing an intermediate component in-house or purchasing it from a domestic supplier. We model outsourcing as a bilateral relationship in which the supplier undertakes relationship...

Persistent link: https://www.econbiz.de/10005836743

Causality and interdependence in Pasinetti's works and in the modern classical approach

Bellino, Enrico; Nerozzi, Sebastiano - Volkswirtschaftliche Fakultät, … - 2013

The formal representation of economic theories normally takes the form of a model, that is, a system of equations which connect the endogenous variables with the values of the parameters which are taken as given. Sometimes, it is possible to identify one or more equations which are able to...

Persistent link: https://www.econbiz.de/10011258136

Structural Change and Decisions on Investment Allocation

Araujo, Ricardo Azevedo; Teixeira, Joanílio Rodolpho - Volkswirtschaftliche Fakultät, … - 2002

In this article the growth models of Feldman (1928) and Mahalanobis (1953) are extended to analyse the implications of the process of structural change on the decisions of investment allocation. By using the device of vertical integration, their constructions are shown to be a particular case of...

Persistent link: https://www.econbiz.de/10011258497

Vertical Integration and Fuel Diversity in Electricity Generation – a theoretical study in imperfect competition

Fristrup, Peter; Klinge Jacobsen, Henrik - Volkswirtschaftliche Fakultät, … - 2005

This paper contains an analysis of stylised natural gas and electricity supply sectors. Power plants operate either on natural gas or on a competing fuel – e.g. oil. The competing fuel is assumed to be traded at world market price whereas natural gas is sold by a national monopoly. The paper...

Persistent link: https://www.econbiz.de/10011258577

Bye to Vertical Integration and Welcome to the Horizontal Integration in the Textile Business

Subhani, Muhammad Imtiaz; Hasan, Syed Akif; Osman, Ms. Amber - Volkswirtschaftliche Fakultät, … - 2012

When it’s about production then association between the machinery and efficiency is gauged. This investigation seeks … industry that vertical integration for a textile firm doesn’t really matter for the production efficiency in today’s world …. There is something more to increase the production efficiency in regards to production facility and equipments used to …

Persistent link: https://www.econbiz.de/10011259257

Vertical integration in the Czech agriculture – focus on dairy and meat sectors

Janda, Karel - Volkswirtschaftliche Fakultät, … - 2010

In this paper we provide an overview of the two most important sectors in the Czech agriculture: the dairy farming and the meat production. Since the focus of our paper in on the vertical integration, we provide this overview along the whole production vertical line. We start with the suppliers...

Persistent link: https://www.econbiz.de/10008765069

Optimal quality choice under uncertainty on market development

Tamini, Lota D. - Volkswirtschaftliche Fakultät, … - 2012

This paper analyzes the impact of risk and ambiguity aversion - Knightian uncertainty - on the choice of optimal quality and timing of market entry. Irreversibility of the investment in product development is introduced in a continuous-time stochastic model applying the real option literature....

Persistent link: https://www.econbiz.de/10011108902

Plusvalore e sfruttamento dopo Sraffa. Lo stato del problema.

Cavalieri, Duccio - Volkswirtschaftliche Fakultät, … - 1995

This article deals with a theoretical point: the alleged consistency of the Marxian notion of exploitation with the Sraffian theory of prices. The problem is examined in a historico-critical perspective. The discussion is centred on the idea that in a circular model of production with vertically...

Persistent link: https://www.econbiz.de/10011109992

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