Social institutions are persistent regularities in contracting and other relations amongst men and in the unintended consequences of such rule-like behavior. They include morality and law as well as institutions of governance such as branding and advertising. Institutions are studied in all...

The creation and effects of social capital have seldom been a target for systematic analysis in orthodox economics. The purpose of the paper is to argue that in order to include social capital, along with physical and human, into economic analysis, we have to regard human preferences as...

The study deals with the theory and measurement of competitiveness. The basic theory of firm implies that under constant returns to scale the unit cost of production can be used to measure the marginal cost of production and to model the impact of competitiveness on the market share of a firm....

Tutkimuksessa selvitetään, missä määrin Suomen muita EU- ja OECD-maita korkeamman kuluttajahintatason syynä on palvelualojen kilpailun puute, kilpailukyvyn puute tai muut tekijät. Hintamarginaalimittarilla ja ns. Boonen mittarilla arvioiden Suomen useimpien palvelualojen kilpailun...

Household Survey data is used to study income differences between and within regions in Finland during 1966-1996. We have five major (NUTS2) regions and apply four income concepts: factor income, gross income, disposable income and final income, and consider how per capita incomes have evolved...