In diesem Beitrag stellen wir einen Weg vor, der es erlaubt, grundsätzliche Aussagen darüber zu treffen, dass wirtschaftliches Handeln schädliche Auswirkungen auf die Umwelt mit sich bringt. Diese Auswirkungen sind naturwissenschaftlich bedingt und treten insbesondere in der...

The labor theory of value has been rejected by Morishima on the grounds that it would be incompatible with joint production, which would create negative labor values. This article starts by recalling the various definitions of joint production, as well as the way they relate to the real world....

One of the challenges that Europe has undertaken is the transition from a linear economic system to a circular economy, where waste and resources are recovered and regenerated. The practice of upcycling in the agri-food sector represents one of the most promising solutions to the enormous...

The question of how to properly model production systems with unintended outputs has proven both controversial and of particular interest to the productivity and efficiency community. The paper explains why some of the arguments put forward in these controversies are hardly convincing for...

In this paper, we present a way that allows to make fundamental statements about how economic action entails harmful effects on the environment. These effects are due to natural scientific reasons and are particularly present in the industrialised economy. The starting point of our...

This paper considers a risk-averse manufacturer who invests in the sustainability technology to reduce carbon emissions under a cap-and-trade policy. We first model a stochastic demand as a linear function of the sales price and sustainability level. In the framework of the newsvendor model, we...

Joint production is a term with a long history in economics, encompassing a variety of ubiquitous production types that usually generate both main products as well as desirable and undesirable byproducts. However, studies in economic history show that important phenomena subsumed under this term...

The aim of this paper is to contribute to an innovative agenda in the field of Environmental Economics. The paper focusses on a conceptual and political perspective on the interactions between nature and economy. Section 1 states that Environmental Economics has to consider three fields: nature,...

The article tests the assumption in the relationship marketing literature that this approach to customers enables a win-win situation, where both the supplier and the customer benefit financially. This is done by introducing a relationship productivity concept based on a joint productivity...

Revenue management decisions often have both strategic and tactical components. Strategic decisions happen first and set the broad and long-term operational context in which tactical decisions are frequently and repeatedly made, often on a weekly or daily basis. We consider a joint optimization...

Der nachhaltige Umgang mit natürlichen Ressourcen ist eine der wichtigsten Aufgaben der Menschheit. Die interdisziplinäre Online-Plattform MINE-Mapping the Interplay between Nature and Economy (www.nature-economy.de) will zu einem erfolgreichen Umgang mit dieser Herausforderungbeitragen. MINE...

Der nachhaltige Umgang mit natürlichen Ressourcen ist eine der wichtigsten Aufgaben der Menschheit. Die interdisziplinäre Online-Plattform MINE-Mapping the Interplay between Nature and Economy (www.nature-economy.de) will zu einem erfolgreichen Umgang mit dieser Herausforderungbeitragen. MINE...

In an economy with imperfect labor contracts, differences in the distribution of talent can be an independent source of comparative advantage. I study a world economy with two activities, one in which an individual's contribution to production can be measured accurately and another in which...

Die Postmärkte befinden sich national und international in einem tiefgreifenden Strukturwandel. Die Digitalisierung verändert die Kommunikationsformen zwischen Verbrauchern, Unternehmen und staatlichen Institutionen. Ebenso hat sich das Angebot an Werbemedien durch die Digitalisierung massiv...

The increasing pressure on natural resources and the climate has been noted by businesses and governments worldwide, who now face the difficult task of integrating paths of environmental sustainability and economic growth. One promising approach to sustainable development, reducing the pressure...

This article illustrates the analysis of prices of production with joint production by a numerical example. The example is used to illustrate the applicability of techniques to identify and visualize qualitative changes in the choice of technique with parameter perturbations. Patterns of switch...

The aim of this paper is to contribute to an innovative agenda in the field of Environmental Economics. The paper focusses on a conceptual and political perspective on the interactions between nature and economy. Section 1 states that Environmental Economics has to consider three fields: nature,...

The generation of unintended residuals when producing intended outputs is the key factor behind our serious problems with pollution. The way this joint production is modelled is therefore of crucial importance for our understanding and empirical efforts to change economic activities in order to...

In this chapter, we present fragments of previously unpublished correspondence between Ludwig Lachmann and G. L. S. Shackle on the nature of institutions. This correspondence allows us to rationally reconstruct a theory of institutions, which extends Lachmann's theoretical work. Shackle pointed...

This paper compares the effectiveness of the Weighted-Contribution-Margin (WCM) and the Reversed-Contribution-Margin-Ratio (RCMR) in multiproduct Cost-Volume-Profit analysis applications. Using a rehashed-activity data and the OLS regression to analyse six joint-products over 42 weeks operation,...

We experimentally investigate the effect on efficiency of pre-bargaining communication in a multilateral majoritarian bargaining game with joint production under two conditions: observable and unobservable productive investments. In both conditions, communication mainly fosters fair sharing and...

We conduct 3-person bargaining experiments in which the surplus being divided is produced by completing a prior task. Using a Baron-Ferejohn framework, we investigate how differences in contributions to production affect bargaining under different decision rules. Under unanimity rule, all...