Many definitions of second order generalized derivatives have been introduced to obtain optimality conditions for optimization problems involving C(1,1) data. The aim of this paper is to show some relations among these definitions and to study necessary and sufficient optimality conditions for...

This paper analyses whether scale economies exists in the UK telecommunications industry. The approach employed differs from other UK studies in that panel data for a range of companies is used. This increases the number of observations and thus allows potentially for more robust tests for...

This paper attempts to answer the research question, “how do senior executives in my organisation make sense of their professional life?” Having reviewed the sensemaking literature, in particular that of the pre‐eminent author in this field, Karl E. Weick, I adopt a phenomenological,...

This Paper explores the relationship between the Kydland-Prescott Barro-Gordon model and models with asymmetric policy preferences. While both yield an inflation bias, recession aversion dampens the output effects of contractionary supply shocks. Some inflation may therefore reflect policy...

Assignments of weak orders to complete binary relations are considered. Firstly, it is shown that assigning the transitive closure of a complete binary relation does not always assign the closest weak order according to any reasonable metric on complete binary relations. It is then shown that...