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We model a firm in an institutional market setting, consisting of a production technology and its governance. The governance consists of a hierarchical firm structure, a cost efficiency parameter,and an internal pay system. The depth of the firm is determined by profit maximization under the...
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We consider a hierarchical organization with two fully rational agents. The goal of the organization is that of selecting the best alternative out of several available, and agents are heterogenous in the accuracy with which they screen the alternatives. We show that, if internal communications...
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-criteria evaluation can provide complementary insights into sustainable and welfare-optimising wetland management and policy. Subsequently …
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. Spatially integrated modelling and evaluation can support this. The present study has developed a triple layer model that … integrates information and concepts from social and natural sciences to address the analysis and evaluation of land-use scenarios … quality. The spatial characteristics of these indicators are retained in a spatial evaluation that ranks scenarios. …
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fatal accidents. The evaluation of fatal accident costs crucially depends on theavailability of an estimate for the economic …
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