We model a firm in an institutional market setting, consisting of a production technology and its governance. The … optimal firm size. Using CES-production technologies we illustrate how firm size depends on labor substitutability, and show …

they win the contest for the alternative project. Merging firms internalize these positive and negative externalities they …

performance. The entrepreneur's human capital is, though, only one of the input factors into the production process of her venture …

numbers of neighbours) of the positions in a network. Although this allows for externalities, in the sense that the … preferences of a position might depend on the way how other positions are connected, these externalities can be taken into account …

This paper studies the relation between optimal dam capacity and water management under rivalry uses and externalities …-linear building cost of dam capacity and externalities in a welfare optimization model. We obtain the optimal dam capacity for multi …

external cost pricing becomes more likely to be implementedas a policy strategy in transport in reality. The first part of the … paper deals with thelong-run efficiency of marginal external cost pricing. It is shown that such prices notonly optimize … ahypothetical bench-mark only. The second part of the paper is therefore concerned withmore realistic pricing options. The emphasis …