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Trafficking in drugs and economic theory

Pandey, S.S.D. - 1991

The focus of this study is on black markets which provide an important segment of the parallel economy. These markets operate in disequilibrium,search and information costs become very important.Trafficking in drugs taken as case, to explore both theoretically and empirically. The problem,...

Persistent link: https://www.econbiz.de/10015229963

International Trade and Local Outsourcing

Marjit, Sugata; Yang, Lei; Xu, Xinpeng - 2009

outsourcing due to the capital cost effect and the scale effect. We also unveil one source of productivity and formalize a link … between trade and productivity. We illustrate that both the scale effect and the flourish of entrepreneurial talent due to … capital cost effect contribute to the improvement of productivity. For the import competing sector the productivity effect and …

Persistent link: https://www.econbiz.de/10015219386

A Short History of the Global Economy Since 1800

Alam, M. Shahid - 2003

This paper presents a schematic history of the global economy since 1800. The economic and political logic of global capitalism in this period is defined by its ability to derive a growing share of its energy from fossil fuels. The explosive growth of this period, the dominance of capital, the...

Persistent link: https://www.econbiz.de/10015215196

Trade and Sectoral Productivity

Fadinger, Harald; Fleiss, Pablo - 2008

Even though differences in sectoral total factor productivity are at the heart of Ricardian trade theory and many … are substantial and far more pronounced in skill and R\&D intensive sectors. We also apply our productivity estimates to …

Persistent link: https://www.econbiz.de/10015250750

Productivity Differences in an Interdependent World

Fadinger, Harald - 2008

This paper studies cross country differences in productivity from an open economy perspective by using a Helpman … human capital than poor ones, while differences in physical capital productivity are not systematically related to income …

Persistent link: https://www.econbiz.de/10015254344

On simple contracts, renegotiation under asymmetric information, and the hold-up problem

Schmitz, Patrick W. - 2002

In this paper it is demonstrated that voluntary bargaining over a collective decision under asymmetric information may well lead to ex post efficiency if the default decision is non-trivial. It is argued that the default decision may be interpreted as a 'simple' contract that the parties have...

Persistent link: https://www.econbiz.de/10015215146

The Hold-Up Problem and Incomplete Contracts: A Survey of Recent Topics in Contract Theory

Schmitz, Patrick W. - 2001

This article provides a non-technical survey on recent topics in the theory of contracts. The hold-up problem is presented and the incomplete contracts approach is discussed. Emphasis is put on conceptual problems and open questions that await further research.

Persistent link: https://www.econbiz.de/10015215163

Simplistic vs. Complex Organization: Markets, Hierarchies, and Networks in an 'Organizational Triangle'

Elsner, Wolfram; Hocker, Gero; Schwardt, Henning - 2009

Transaction cost economics explains organizations in a simplistic ‘market-vs.-hierarchy’ dichotomy. In this view, complex real-world coordination forms are simply considered ‘hybrids’ of those ‘pure’ and ideal forms, thus being located on a one-dimensional ‘line’ between them....

Persistent link: https://www.econbiz.de/10015216310

Social Networks and Supply chain Management in Rural Areas: A Case Study Focusing on Organic Olive Oil

Medicamento, Umberto; Degennaro, Bernardo - 2006

In recent years, due to the growing supply of organic production, the economic performances and the competitive advantages of the farms, have become more dependent on network organisations in the supply chains. This evolution requires methodological approaches able to capture all the variables...

Persistent link: https://www.econbiz.de/10015216466

Mechanisms of Governance of Sustainable Development

Bachev, Hrabrin - 2009

In this paper we incorporate the interdisciplinary New Institutional and Transaction Costs Economics (combining Economics, Organization, Law, Sociology, Behavioral and Political Sciences), and suggest a framework for analyzing the mechanisms of governance of sustainable development. The...

Persistent link: https://www.econbiz.de/10015216685