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augmented production function framework allowing for productivity convergence and declining returns to RD. We confirm that for …
Persistent link: https://www.econbiz.de/10011183209
This paper is devoted to the study of project and entrepreneurial approach in relation to the specifics of the building complex, when in the process of diversification of the construction industry are transformed into multi-complex conglomerates, structural units which are interconnected,...
Persistent link: https://www.econbiz.de/10011112391
a measure of the total production of the journal. In this paper, in order to obtain measures of the efficiency in the … production process, the approach provided by stochastic frontier analysis (SFA) is considered, and econometric models are … proposed. These models estimate a frontier production, which is the maximum achievable number of citations to the journal based …
Persistent link: https://www.econbiz.de/10011039475
picture of the system of production and consumption as a circular process, and it stands in striking contrast to the view … presented by modern theory of a one-way avenue that leads from ‘Factors of production’ to ‘Consumption goods’.” (Sraffa, 1960 …) Neo-Ricardian’s opposition between classical economics and Walrasian theory is based on the representation of production …
Persistent link: https://www.econbiz.de/10009643195
This paper analyzes the efficiency of Czech small and medium-sized enterprises (SMEs). The main focus is on structural analysis of Czech SMEs in manufacturing based on their efficiency. The author uses sectoral data from 2002 to 2005 for 30 manufacturing industries, each divided into five...
Persistent link: https://www.econbiz.de/10009651321
consideration is given to the introduction of the continuous production fluxes (value creator) as well as the waste reduction. …
Persistent link: https://www.econbiz.de/10010548142
actuarially fair. When the producer is sufficiently regret averse and the loss probability is high, we further show that the …
Persistent link: https://www.econbiz.de/10010573286
production costs in an imperfectly competitive product market. This is done without invoking any agency problem or other form of …
Persistent link: https://www.econbiz.de/10010600194
-economic production level and on the interaction of these factors. It determines their influence on the competitiveness, profits and …
Persistent link: https://www.econbiz.de/10010929457
marginal effects of price uncertainty on production are both positive (negative) when regret aversion prevails if the random … of the price distribution as such plays a pivotal role in determining the regret-averse firm's production decision. …
Persistent link: https://www.econbiz.de/10011610383