The solution to the problem of over-fishing offered by catch-effort models is a reduction in capital invested. Fishery policy, both European and Italian, is constructed entirely on the basis of this idea. Applying the same theoretical apparatus, we show that fiscal policies can be used in order...

From a legal perspective, the membership in a business corporation is expressed through shares, and individual membership succession can in principle be achieved through a negotiable transaction. This has the effect that the interests of the corporation’s shareholders may be directed away from...

The purpose of this paper is to access the contribution of each one of the major factors explaining Australian nominal growth: technological change, movements in the terms of trade, increases in the endowments of labour and capital, and changes in domestic output prices.

This paper examines possible consequences of subsidies to R&D and to volume production proposed under the Clinton administration's flat panel display initiative.

A production line with random processing times and no interstation buffers is considered. The jobs are scheduled cyclically , i.e., a batch of n jobs is repititively using the same order of jobs in every batch. Processing time of a job on a station is assumed to have a phase-type distribution....

This Paper surveys the theoretical literature on the effect of soft budget constraints (SBC) on economies in transition from centralization to capitalism; it also reviews our understanding of SBC in general. It focuses on the conception of the SBC syndrome as a commitment problem. We show that...

Distinguimos entre educación para la calidad y entrenamiento para la calidad. A través de la educación, aprendemos la ‘filosofía’ de la calidad; a través del entrenamiento, aprendemos sus herramientas. Así, el aprendizaje es un concepto central de este artículo. Pero no es el único....

We analyse the contribution of land to production activity for Japanese manufacturing industries employing panel data of the firms. Since land is not necessarily held for production purpose, we check the concavity of the cost function to see whether production is conducted efficiently.

This paper studies production economies having a locally convex topological vector commodity space ordered by a closed and generating convex come such that the order intervals are topologically bounded. The generally assumed lattice properties on the commodity-price duality are replaced by an...

Technical determinism is often presented as a shortcoming of the old neoclassical approach of which the "new theories" are supposed to be ridded. This paper shows that technical determinism is nevertheless still present.