We propose a disaggregated representation of production using an agent-based fund-flow model that emphasizes inefficiencies, such as factor idleness and production instability, and allows us to explore their emergence through simulations. The model incorporates productivity dynamics (learning...

Introduction. -- Part I. Money and the market. -- The difference between markets and barter: money and the making of markets. -- Capital and the firm : the firm as the engine of the market process. -- Money and money creation in a two-stage banking system. -- Part II. Market and production. --...

Obgleich die produktionstheoretische Dienstleistungsforschung in den letzten Jahrzehnten erhebliche Fortschritte erzielt hat, existieren weiterhin einige ungelöste Probleme. Die vorliegende Arbeit greift drei zentrale Problemfelder der Produktionstheorie für Dienstleistungen auf und liefert...