The standard quadratic price adjustment cost function makes no allowance for firm size or for scale economies. Incorporating quadratic price adjustment costs into the profit function, a firm's speed of price adjustment is both shown to be a positive/negative function of its size when firms have...

Evolutionary economics in the initial version of Nelson and Winter is concentrated on the analysis of the evolution of industries and markets and in that entrepreneurial innovation activities. But a theory of the firm beneath the level of the industry is not taken into account to a large extent....

This paper evaluates the contributions from firm entry, exit and continuation to labour productivity growth in New Zealand over the period 1995 to 2003. Decomposition techniques developed by Griliches and Regev (1995) and by Foster, Haltiwanger and Krizan (1998) are employed. Results suggest...

The purpose of this paper is to discuss the conditions under which capability, transaction and scale considerations interact in determining organisational boundaries. I will argue that this interaction contributes to explaining the individual firms performance and growth whenever cognitive...

This paper contains an analysis of a quality ladders growth model with firm-level decreasing returns R&D technology. This analysis explains the relationship between competition in R&D races and firm R&D efforts. While competition proves to have a positive effect on industry growth rates, the...

procedure. I then test the hypothesis that initial debt-to-asset ratios are irrelevant to growth of ten-year old manufacturing firms. I reject the null of independence, and find evidence of a non-monotonic relationship between age ten conditional size and the initial debt-to-asset ratio.

Between the vocation and the competence of an organization there is a complexand a subtle relation. If the vocation it means searching and finding the need or the need typethat will be covered, the competence means to know, to want and to be capable to deliver theservices that can produce the...

The paper offers theoretical and empirical insights into the links between banks and firms in industrial districts and to the way investment is financed. Theoretically, it is assumed that district-banking localism is embedded in the industrial districts� social context. District banks...

This paper develops a theoretical model to analyze the firms' incentives to preannounce their new products. We consider a two-period model where a single firm controls the market with one product in the first period and a new and better product is introduced in the second period, either by the...

This paper presents a new and efficient heuristic to solve the multi-product, multi-stage, sequencing, lot sizing and scheduling problem. The problem addressed is that of making sequencing, lot sizing and scheduling decisions for a number of products manufactured through several stages in a flow...