In this paper we present a new approach to evaluate the environmental efficiency of decision making units. We propose a model that describes a two-stage process consisting of a production and an end-of-pipe abatement stage with the environmental efficiency being determined by the efficiency of...

Multiple delivery specifications exist on nearly all commodity futures contracts. Sellers are typically allowed to choose among several grades of the underlying commodity. On the delivery day, the futures price converges to the spot price of the cheapest-to-deliver grade rather than to that of...

Abstract Der vorliegende Beitrag analysiert, mit welchen flexibilisierenden Maßnahmen ein Sample 22 kleiner und mittlerer Unternehmen aus dem produzierenden Sektor auf die wirtschaftliche Krise 2008-2009 reagiert hat. Dabei zeigt sich, dass die von der Krise betroffenen Betriebe vorhandene...

Zusammenfassung Der digitale Wandel trifft auch Tätigkeiten, über die aktuell wenig empirisch Konkretes bekannt ist. So verändert Industrie 4.0 auf Logistik bezogene Tätigkeiten innerhalb produzierender Unternehmen. Der Artikel prüft auf Basis von Daten der...

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This paper analyzes the optimal adjustment strategy of an inventory-holding firm facing price- and quantity-adjustment costs in an inflationary environment. The model nests both the original menu-cost model that allows production to be costlessly adjusted, and the later model that includes...

Aggregated output in industrialized countries has become less volatile over the past decades. Whether this Great Moderation" can be found in firm level data as well remains disputed. We study the evolution of firm level output volatility using a balanced panel dataset on German firms that covers...