Products produced by multiproduct firms can be linked through demand linkages (cannibalization), supply linkages (joint production), or both. We analyze how these within-firm linkages shape the propagation of shocks - such as tariffs - across products and markets and affect firm performance...

This study explores market opportunities for sustainable products, using functional wafers with added malt-used grains, a by-product of the fermentation industry, as a case study. Unlike other research focused on the use of by-products in food, this study adopts an integrated approach,...

One of the challenges that Europe has undertaken is the transition from a linear economic system to a circular economy, where waste and resources are recovered and regenerated. The practice of upcycling in the agri-food sector represents one of the most promising solutions to the enormous...

This book revitalises the labour theory of value as a framework for determining production prices and explores its implications for economic theory and policy. Through an in-depth review of economists such as Adam Smith, David Ricardo, Karl Marx, and Piero Sraffa, it uncovers that the profit...

Joint production is a term with a long history in economics, encompassing a variety of ubiquitous production types that usually generate both main products as well as desirable and undesirable byproducts. However, studies in economic history show that important phenomena subsumed under this term...

The labor theory of value has been rejected by Morishima on the grounds that it would be incompatible with joint production, which would create negative labor values. This article starts by recalling the various definitions of joint production, as well as the way they relate to the real world....

This paper considers a risk-averse manufacturer who invests in the sustainability technology to reduce carbon emissions under a cap-and-trade policy. We first model a stochastic demand as a linear function of the sales price and sustainability level. In the framework of the newsvendor model, we...

In diesem Beitrag stellen wir einen Weg vor, der es erlaubt, grundsätzliche Aussagen darüber zu treffen, dass wirtschaftliches Handeln schädliche Auswirkungen auf die Umwelt mit sich bringt. Diese Auswirkungen sind naturwissenschaftlich bedingt und treten insbesondere in der...

Mancur Olson argued that one way a large group could provide itself with a public good is via the by-product mechanism. The by-product firm sells private goods to members of an interest group and then uses the profits to provide a public good. In Olson's original discussion, the public good in...

The article tests the assumption in the relationship marketing literature that this approach to customers enables a win-win situation, where both the supplier and the customer benefit financially. This is done by introducing a relationship productivity concept based on a joint productivity...

Revenue management decisions often have both strategic and tactical components. Strategic decisions happen first and set the broad and long-term operational context in which tactical decisions are frequently and repeatedly made, often on a weekly or daily basis. We consider a joint optimization...

In an economy with imperfect labor contracts, differences in the distribution of talent can be an independent source of comparative advantage. I study a world economy with two activities, one in which an individual's contribution to production can be measured accurately and another in which...

Die Postmärkte befinden sich national und international in einem tiefgreifenden Strukturwandel. Die Digitalisierung verändert die Kommunikationsformen zwischen Verbrauchern, Unternehmen und staatlichen Institutionen. Ebenso hat sich das Angebot an Werbemedien durch die Digitalisierung massiv...

The increasing pressure on natural resources and the climate has been noted by businesses and governments worldwide, who now face the difficult task of integrating paths of environmental sustainability and economic growth. One promising approach to sustainable development, reducing the pressure...

Die Postmärkte befinden sich national und international in einem tiefgreifenden Strukturwandel. Die Digitalisierung verändert die Kommunikationsformen zwischen Verbrauchern, Unternehmen und staatlichen Institutionen. Ebenso hat sich das Angebot an Werbemedien durch die Digitalisierung massiv...

This article illustrates the analysis of prices of production with joint production by a numerical example. The example is used to illustrate the applicability of techniques to identify and visualize qualitative changes in the choice of technique with parameter perturbations. Patterns of switch...