This paper applies Coase's (1937) theory of the firm to study public good provision. It compares three methods of public good provision: (1) collective provision, where users organize themselves to jointly finance the public good which is produced by a specialized firm; (2) market provision...

In the existing literature of infra-marginal analysis, there are many models describing how infrastructure investment can promote division of labour, trade interdependency, and income growth. However, detrimental effects from destructive network activities have not been formally studied....

This article highlights the normative bias in the entrepreneurial theories of Schumpeter and Kirzner. This bias, while significant, has remained largely implicit, and the approaches of both authors, we argue, entail "Panglossian" views of entrepreneurial processes. We trace these problems to...

In the last decades, electricity markets thoughout the Eurozone have undergone substantial changes. The deregulation of electricity markets stimulated investments in the production and distribution of energy, but there are large risks associated with these investments due to price volatility...

In this article we attempt to contribute to governance research in the nonprofit area by proposing a conceptual framework inspired by recent developments in the literature. First, we analyze the governance of nonprofit organizations (hereafter, NPOs) from different theoretical perspectives,...

Tanulmányunkban négy intertemporális diszkontálási elmélet empirikus összehasonlítását végeztük el. Vizsgálatunkban hipotetikus döntési szituációban mértük a válaszadók leszámítolási rátáit, majd összevetettük az exponenciális, illetve háromféle hiperbolikus...

Biological invasions are classical examples of externalities. The risks and damages from biological invasions are endogenous, depending on how society protects itself from invasions, and how it reacts to them after they occur. This paper analyzes a dynamic model in which society can undertake a...

Maximizing the production of ecosystem services is a necessity for resource management particularly when increasing the provision of one service decreases the provision of another. In these instances, it is important to estimate the value of ecosystem services to efficiently distribute...

The purpose of this research is to analyze the evolutionary growth of knowledge in non-thermal plasma technologies applied for food decontamination in order to pinpoint emerging scientific directions. The sample uses 22,836 articles and 2,282 patents from Scopus/SciVerse database in order to...