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following selective overview focuses on key aspects of the theory and empirical experience of management control under … equilibrium to be maintained. Not until recently have models grounded in capital market theory been developed which also allow for …
Persistent link: https://www.econbiz.de/10010986496
We address the issue of equivalence of primal and dual measures of scale efficiency in general production theory … equivalent to the homothetic structures from Shephard (Theory of cost and production functions, Princeton studies in mathematical …
Persistent link: https://www.econbiz.de/10010988824
Persistent link: https://www.econbiz.de/10010988825
The objective of this paper is to construct a framework for analyzing trade-offs between economic performance and environmental pressure at firm level. Based on a literature review, partially conflicting economic-environmental trade-off paradigms are structured and five necessary conditions for...
Persistent link: https://www.econbiz.de/10010880106
measures of heterogeneity and technical change do not require many of the standard assumptions from production theory. …
Persistent link: https://www.econbiz.de/10010883451
Persistent link: https://www.econbiz.de/10005370759
When the price of an input factor to a production process increases, then the optimal output level declines and the input is substituted by other factors. Marshall's rule is a formula that determines the own-price elasticity for one factor as a weighted sum of the elasticities of output market...
Persistent link: https://www.econbiz.de/10005155316
The fund-flow approach to production theory was first proposed by Nicholas Georgescu-Roegen almost half a century ago …
Persistent link: https://www.econbiz.de/10008739734
Duality Theory of production imposes a number of simplifying assumptions regarding the production technology, including … challenges some widely held views on the role of convexity. The role of convexity in Duality Theory is asymmetric. While … from applying the Duality Theory. Copyright Kluwer Academic Publishers 2003 …
Persistent link: https://www.econbiz.de/10010866077
We propose a method based on the distance function to empirically estimate the social cost arising from rent seeking behaviour in declining industries. Due to import competition, the factors of a particular industry undergo losses in real income, and have incentives to seek protection. In the...
Persistent link: https://www.econbiz.de/10005789930