. The landowners of sugarcane farms have the flexibility of sugarcane production, or to lease the area to the mills. In … land productivity and more competitive lease prices. The flexibility between production and leasing in rural properties is … decision under uncertainty can be properly conducted by Real Options Theory. Thus, in this study, is proposed a model to …

. The landowners of sugarcane farms have the flexibility of sugarcane production, or to lease the area to the mills. In … land productivity and more competitive lease prices. The flexibility between production and leasing in rural properties is … decision under uncertainty can be properly conducted by Real Options Theory. Thus, in this study, is proposed a model to …

of labor market adaptability. The paper presents a quantitative indicator that tries to avoid a simplified flexibility …-rigidity dichotomy and provides a detailed picture of the varying institutional configurations by which flexibility is achieved. In order … to capture different patterns of flexibility, we differentiate between five types of flexibility which can be combined …

After the publication of The General Theory of Employment, Interest and Money (hereafter, GT), an intense debate about … theory, according to which the long-run equilibrium of the economic system is characterized by full-employment of the labor … force. According to the neoclassical synthesis, GT was a special case of the classical theory, the one where nominal wages …

Motivated by the economic theory of cost functions, bivariate Bernstein polynomials are considered for approximating …