A changing world of increasing complexity, fluctuating prices, high energy costs and limited data necessitate creative blending of economic theory and available empirical statistics to understand the welfare impacts in a specific market. In this paper, a programming approach is used in tandem...

Since the seminal work of Adam Smith, markets have been considered an efficienttool for co-ordinating the behaviour of economic agents. The basic characteristicof a market economy is that the complex system of interaction amongindividuals is not centrally coordinated. Under the assumption of...

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The discussion paper 40 represents the results of an analysis for determining influencing factorson profits and profitability of Russian enterprises in the region of Omsk. Based on the finalyearly reports of the enterprises it is shown, that in Russia five earning ratios can be distinguished:the...

The East African country of Uganda might not be thought of as the location of a viable, growing dairy industry. However, Uganda recorded a threefold increase in milk production from 1991 to 2004. While Uganda's dairy industry faces important challenges, the industry possesses advantages that can...

This discussion paper summarizes important points from other Babcock Institute discussion papers dating between 2002 and 2006. The author pulls out points from what he feels are important discussion papers and relates them to the U.S. dairy industry.

A changing world of increasing complexity, fluctuating prices, high energy costs and limited data necessitate creative blending of economic theory and available empirical statistics to understand the welfare impacts in a specific market. In this paper, a programming approach is used in tandem...