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The paper seeks to integrate the theoretical developments in the field of imperfect competition and monopoly, and operation of the firm in such conditions, with the theories of income distribution, particularly among the macroeconomic aggregates of capital and labor. And formulating a working...
Persistent link: https://www.econbiz.de/10015234937
This paper incorporates interdisciplinary New Institutional Economics and assesses the system of governance of agrarian sustainability in Bulgaria. The system of governance of agrarian sustainability is comprehensively analyzed, and the efficiency of institutional environment and diverse market,...
Persistent link: https://www.econbiz.de/10015258809
We study how ownership structure and management objectives interact in determining the company size without assuming information constraints or explicit costs of management. In symmetric agent economies, the optimal company size balances the returns to scale of the production function and the...
Persistent link: https://www.econbiz.de/10015244128
Using data from 11 EU countries, the paper investigates the impact of scale economies on labour productivity in … persons have a significantly lower level of labour productivity than the rest of the business-services industry. Two factors … has a significant and positive impact on its labour productivity. We derive some policy implications from our findings. …
Persistent link: https://www.econbiz.de/10015245785
We introduce here the volume Handbook of Game Theory and Industrial Organization, by L. C. Corchón and M. A. Marini (ed.), Edward Elgar, Cheltenam, UK and Northampton, MA, by describing its main aim and its basic structure.
Persistent link: https://www.econbiz.de/10015255009
We study the relationship between efficient markets, value neutrality and symmetric maximum entropy principle. We find that the efficient market is in the state of maximum information entropy, which means that market prices fluctuate randomly, that value neutrality is in the state of maximum...
Persistent link: https://www.econbiz.de/10015213517
Why China was not the origin of the Industrial Revolution but rose from imperial dynasties and experienced a growth miracle in the past four decades? We find that its root is China's imperial examination system (keju), which explains the fall and rise of historical, modern, and contemporary...
Persistent link: https://www.econbiz.de/10015213675
We study how extreme (high) temperatures affect firm dynamics---entry, exit, and aggregate productivity---in Chinese … entry and exit (extensive margin), and their relationship with the aggregate productivity. Extreme temperatures lower the … productivity of incumbent firms (productivity effects), while selecting firms with higher productivity to survive (selection effect …
Persistent link: https://www.econbiz.de/10015213677
Input-output linkages among sectors and firms are largely overlooked when assessing regulatory policies. Using a carbon emissions regulation in China as an example, we find that the regulation facilitates the transition to green technologies and reduces entry and carbon emissions in the...
Persistent link: https://www.econbiz.de/10015213683
Three key economic issues are the convergence debate, the middle-income trap, and the East Asian Miracle. Here we show that the standard Solow-Swan growth model in discrete time can simultaneously account for these key economic issues if in addition the no arbitrage constraint is imposed on the...
Persistent link: https://www.econbiz.de/10015213695