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Is There Excess Capacity Really?
2015
Theoretical and Practical Research in Economic Fields
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We see monopolistic competition as the true type of competition in the presence of transaction costs where perfect competition is a hypothetical and ideal benchmark which cannot exist under positive transaction ...
Excess capacity is viewed as a distinctive feature and an essential inefficiency of monopolistic competition as the large-group case of imperfect competition. ...
Long-run average costs and the scale factor At the other extreme are productions in which inputs are highly variable, can easily be scaled down or up in response to the needs of the market and there are ...
doi:10.14505/tpref.v6.2(12).03
fatcat:fzcun3thsvbsffta4wbkjcy7qa
A Critical Survey of J.K. Arrow's Theory ofKnowledge
1997
Cahiers d Économie Politique
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This was in the tradition of statistical decision theory, where one regards the parameters of a distribution as unknown, and seeks optimal responses to the available information...Marshak and Radner tried ...
been consacrated to the comparison of organisational designs and communication channels in their static states.Comparative statics, and not a dynamic analysis, was developed.These studies involved the ...
Indivisibility A given piece of information is by definition an indivisible commodity, and the classic problems of allocation in the presence of indivisibilities appear here (Arrow, 1962a, p. 112) . ...
doi:10.3406/cep.1997.1208
fatcat:o2cgtwpctrchnfx2dg6yeaquvu
Path dependence: a foundational concept for historical social science
2007
Cliometrica
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This establishes that there is no necessary connection between non-ergodicity and the presence of indivisibilities (or "lumpiness") in the goods being produced, exchanged, and consumed in the system. ...
Inasmuch as modern economic analysis attributes the phenomenon of increasing returns to scale in production or consumption activities to the presence of invisibilities in one or more of the required "inputs ...
concept of path dependent dynamics could make to the future of economics and other policy relevant social sciences. ...
doi:10.1007/s11698-006-0005-x
fatcat:j5f6hnocezguvayewrtb3w5gpy
A Process Approach to Corporate Coherence
1998
Social Science Research Network
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We argue that the literature is confused on the meaning of the notion (and similar notions) in a number of dimensions. ...
Drawing on insights from market-process theories, we put forward a dynamic understanding of corporate coherence as involving the corporate capacity to strike a favorable balance between the production ...
And as recent research by Pari Patel and Keith Pavitt (1994) suggests, much of what is measured as unrelated --and therefore interpreted as inefficient --diversification may actually reflect dynamic ...
doi:10.2139/ssrn.70888
fatcat:wlbakz2wyjfdnipxjnamykcxe4
Government Policy and Technological Innovation: Where do we Stand and Where Should we go?
[chapter]
1977
Innovation, Economic Change and Technology Policies
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This paper is addressed to two questions: (1) Does the existing state of knov1ledge within the body of social science research provide an adequate information base for making decisions about public policies ...
that affect technological change, and (2) What additional research might prove especially fruitful in its contribution to understanding the relationships between policy and innovation? ...
monopolistic inefficiencies in exploitation and diffusion of new ideas. ...
doi:10.1007/978-3-0348-5867-0_12
fatcat:32vw3trjtrel7hrntltv3mj7wy
Interface of Computation, Game Theory, and Economics (Dagstuhl Seminar 13161)
2013
Dagstuhl Reports
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, and dynamics and equilibrium in games and markets. ...
The workshop was strongly interdisciplinary, on the leading edge of current topics generally connected to algorithmic game theory: Mechanism design and auctions, interactions in networks, social models ...
The site office was very helpful with advice and local maps. The quality of talks was very high, in line with our expectations and selection of the participants. ...
doi:10.4230/dagrep.3.4.69
dblp:journals/dagstuhl-reports/HartTS13
fatcat:aixs64wrmne4nd4unsosas47ii
Governance, Regulation and Innovation: Introducing New Studies
2012
Social Science Research Network
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on innovation in conjunction with the effects of the market structure. ...
We introduce new studies that argue in favour of: (i) according a central role to governance and regulation as potential determinants of innovation; and (ii) analysing the effects of governance and regulation ...
So far as the internal firm-specific motivations are concerned, Demirel and Kesidou investigate the effects of organisational capabilities, efficiency considerations and corporate social responsibility ...
doi:10.2139/ssrn.2210911
fatcat:o74vyfs2fzdvxnnvgc7mxdtnke
Are Losers Picked? An Empirical Analysis of Capacity Divestment and Production Reallocation in the Japanese Cement Industry
2010
Social Science Research Network
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This result suggests that the presence of multi-plant firms can help to alleviate inefficiencies arising in a period of industry decline. JEL Classification: L13, L41, L61 ...
Focusing on the Japanese cement industry, this paper empirically examines whether less efficient plants reduce capacity, and analyzes the presence and extent of production misallocation resulting from ...
of firm f . allocative efficiency ratio, measures the efficiency loss attributable to inefficiencies in the inter-firm allocation of production. ...
doi:10.2139/ssrn.1593582
fatcat:57rizlwl3bbdhhnjkt775cf4k4
Are Losers Picked? An Empirical Analysis of Capacity Divestment and Production Reallocation in the Japanese Cement Industry
2013
Journal of Industrial Economics
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This result suggests that the presence of multi-plant firms can help to alleviate inefficiencies arising in a period of industry decline. JEL Classification: L13, L41, L61 ...
Focusing on the Japanese cement industry, this paper empirically examines whether less efficient plants reduce capacity, and analyzes the presence and extent of production misallocation resulting from ...
of firm f . allocative efficiency ratio, measures the efficiency loss attributable to inefficiencies in the inter-firm allocation of production. ...
doi:10.1111/joie.12019
fatcat:wca3y4zmxjhhbkqkeol4y2m5jy
Economic calculation and the limits of organization
1996
The Review of Austrian Economics
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If an input is essentially indivisible (or nonexcludable), then there is no way to compute the opportunity cost of just the portion of the input used by a particular division (see Rogerson 1992 , for ...
measure his opportunity cost. ...
doi:10.1007/bf01103327
fatcat:3w6sixowzrbblnvgupb6mtb3wq
Management Research in Emerging Economies
2006
Vikalpa The Journal for Decision Makers
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Technical efficiency measures the ability of districts to produce maximum output using a given set of inputs and technologies. ...
policy while minimizing social friction arising from their presence ...
A Ph.D. from Mangalore University, he has organized several workshops for librarians and published many articles in Library Science journals. e-mail: manjunath@mail.tapmi.org What we can or cannot do, ...
doi:10.1177/0256090920060311
fatcat:ymrobgxhe5db7hjgnbojpj2pb4
Trade Liberalization, Outsourcing, and the Hold-Up Problem
2005
Social Science Research Network
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We show that this problem is aggravated when the buyer is located in a different country and that country has a tariff on imports of the intermediate good. ...
These indirect effects of trade liberalization may help explain why standard trade models fail to generate the observed large responses of trade volumes to small tariff reductions and may help rationalize ...
[See Horst (1971) for an early analysis of transfer prices in the presence of tariffs and profit taxes.] ...
doi:10.2139/ssrn.882559
fatcat:umbrtbokgrgzjmlnjpvfkhrd2m
Entrepreneurship and Territorial Behavior. How to Exercise Competitiveness in Sustainability in Europe
2014
Social Sciences
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able to measure 'the regional productive capability' of enterprises in the framework of European recent directions. ...
The paper focuses on territorial impacts of the European policy with regards to the enterprise systems in the last decade and how the effects of this policy could have irreparable modified the enterprise ...
Acknowledgments Authors thank for scientific critical suggestions received by European Economic Geography and Economics and Business fields during the writing and the revision of the paper. ...
doi:10.11648/j.ss.s.2014030401.14
fatcat:wov2lbzvabaifodafb5gqpt6ti
STATE OF THE ART OF BENCHMARKING: A SYSTEMATIC LITERATURE REVIEW BEASED ON DEA APPROACH FROM 2003-2018
2021
Technological and Economic Development of Economy
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They take up a total of 82% of all application-embedded papers. Among all the applications, the highest recent development has been in both the transportation and service sectors. ...
Results showed higher potential of DEA as a suitable evaluation method for the further benchmarking researches, wherein the production feature between outputs and inputs has been practically lacked or ...
Acknowledgements We wish to express our gratitude to the anonymous reviewers and Editor in Chief, Prof. Zavadskas, for their insightful and constructive comments. ...
doi:10.3846/tede.2021.13406
fatcat:rw6gjuczobe7djloxumtygnfpq
Governance and financial efficiency of Brazilian credit unions
2020
RAUSP Management Journal
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Purpose This paper aims to evaluate the relation between governance and financial efficiency of credit unions in Brazil. ...
The study shows how poor financial efficiency in credit unions may result from undesirable configurations in executive management and other variables related to governance. ...
The second group presented some better results, such as a greater presence of formal measures to restrict members in political-partisan posts. ...
doi:10.1108/rausp-02-2019-0018
fatcat:q6ev2jhazjfnfjwp7sv7psao7e
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