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The paper studies the effect of scale economies on the optimal capacity adjustment of a multiplant firm. It is shown that with increasing economies of scale plants are ranked in decreasing order, after which the optimal choice is to scrap the largest one. On the contrary, if there are decreasing...
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Within this paper, we present the GridEcon Platform, a testbed for designing and evaluating economics-aware services in a commercial Cloud computing setting. The Platform is based on the idea that the exact working of such services is difficult to predict in the context of a market and,...
Persistent link: https://www.econbiz.de/10008511413
Selling resources via auctions often seems profit optimal in theory. Yet in practice, providers most often choose to …
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We build on extant theory of the MNC, MNC subsidiaries, absorptive capacity and Penrose's concept of 'productive … the global sourcing of knowledge. We develop and test hypotheses using primary questionnaire-collected data. Our results …
Persistent link: https://www.econbiz.de/10012721006
This paper develops an agent-based computational model to study the role of knowledge in shaping the institutional type … firm are different institutions for coordinating economic activities in a system where knowledge is widely dispersed. While … centralizing knowledge. The more dynamic and tacit the knowledge involved in an activity, the more difficult it is to centralize …
Persistent link: https://www.econbiz.de/10012971824
knowledge infrastructure is the only variable to significantly explain high-tech presence through the Netherlands. By analysing …
Persistent link: https://www.econbiz.de/10012752755
Whatever F.A. Hayek meant by "knowledge" could not have been the justified true belief conception common in the Western …'s unique definition of knowledge. …
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