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The cleaning up costs after closure of chemical or nuclear plants are large. They have to be taken into account in the production costs and in the pricing of the corporate, owner of such plants. Moreover, it is necessary to create a reserve account to cover these future large and long term...
Persistent link: https://www.econbiz.de/10011072175
A debate around the book by Denis Segrestin ("Les chantiers du manager", Paris, Colin, 2004) gives an opportunity to hope for deeper and rigorous anaytical frameworks about organizational theories of firms. Two perspectives are suggested: firms as collective action systems open to their...
Persistent link: https://www.econbiz.de/10010905228
Including real options in firms ’ value raises numerous difficulties. Limitations concerning the relevance of option pricing models outside financial markets are the most salient, but carrying out a valuation implies other assumptions, especially on firms’ governance. In particular,...
Persistent link: https://www.econbiz.de/10010905233
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The article discusses the origins of the U-shaped average cost curve, which is one of the most widely used tools in microeconomic analysis. Its widespread use leads many to consider it as a basic tool, obscuring the fact that the graph of the U-shaped average cost curve is part of a complex...
Persistent link: https://www.econbiz.de/10010799303
A principal needs a worker for the production of a good. The worker can be hired as an internal agent, or an external agent under a contract. These two organizational modes correspond to in-house production and outsourcing, respectively. In each case, the agent earns experience benefits: future...
Persistent link: https://www.econbiz.de/10011166520
(final good) is not. Pollution is regulated by tradable emission permits. The issue is to see whether the optimal growth path … can be replicated in equilibrium with pollution permits, given that some permits must be issued free of charge for the …
Persistent link: https://www.econbiz.de/10010754231
papers that have a dichotomous approach and consider either the atmospheric pollution (first source of marginal disutility …) or the underground pollution ( second source), we consider the problem as a whole: CCS techniques introduce a third …
Persistent link: https://www.econbiz.de/10010755885
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