This book presents theoretical studies on several topics related to production structure and international trade. The topics selected are variable returns to scale, public intermediate goods and natural resources. The analysis of the stability of trade equilibrium includes some new ideas. All...

1 Introduction and Summary -- 1.1 The Need for a Theory of Production for Financial Firms -- 1.2 Issues in Technology and Regulation -- 1.3 User Cost Derivation -- 1.4 A Model of the Financial Firm -- 1.5 Data and Data Construction -- 1.6 Specification and Hypothesis Testing -- 1.7 Empirical...

The traditional theory of the firm which serves as the underpinnings of what we know as neoclassical production theory has proved to be a useful basic model. This book is concerned with a class of models which build on this basic form by supposing that the decision-maker is constrained by some...

Using panel data of individual firms drawn from French surveys, a structural analysis is developed to study the formation of production plans and the rationality of expectations. The production decision of a firm is defined as the optimal solution of a dynamic stochastic optimization problem....

This book presents a system-theoretic foundation of the theory of price formation and production. System theory is shown to constitute a common framework to a variety of seemingly different approaches to that field. The author is able to demonstrate that traditional Walrasian theory is...

This microeconomics text presents the traditional economic theories about utility and production. But it contains new theoretical functions created from specific optimization procedures. Moreover, it details clearly the common function expression forms such as Cobb-Douglas and CES in which the...

This paper studies the puzzling lack of correlation between income and schooling in macro regressions. It is argued that the root of the puzzle is threefold. First, there is a problem of a proper definition of the way in which years of schooling should enter into a production function. Second,...

The thirteen essays of this book deal with aspects of production management, which have shown a growing importance in research, teaching and practice within the last few years. The contents range from theoretical issues to case studies. Significant relations among different essays (chapters)...