Product Description: This book covers the basic theory of how, what and when firms should produce to maximise profits. Based on the neoclassical theory of the firm presented in most general microeconomic textbooks, it extends the general treatment and focuses on the application of the theory to specific problems that the firm faces when making production decisions to maximise profits...read more

Product Description: Furthermore, if the effects of regulations on user costs are excluded, it is impossible to analyze monetary policy effects. Chapter 2 examines the principal areas of regulation that affect user costs. For example, reserve requirements, as administered by the Federal Reserve, act as a tax on financial firms so covered...read more

Product Description: A real imports of capital and intermediate goods declined sharply for highlyindebted countries in the 1980s, these economies were faced with the need tosubstitute previously imported factors of production with domestic capital and labor...read more

Product Description: This book attempts to unify the economic analysis of the production process in order to understand the effects of technical change. It is both an analytical representation of the production process, taking into account the temporal, organizational, and qualitative dimensions of production, and a fact-finding model for studying the economic effects of technical change...read more (view table of contents, read Amazon.com's description)

Product Description: Mathematics as a production factor or driving force for innovation? Those, who want to know and understand why mathematics is deeply involved in the design of products, the layout of production processes and supply chains will find this book an indispensable and rich source...read more

Product Description: Technological change is not only a determinant of growth but is also a pivotal factor in international competition and the modernization of an economy. In one of the most in-depth and detailed studies of its kind, George Korres analyzes the macroeconomic and the microeconomic factors influencing the economics of innovation and the economic relations between technology, innovation, knowledge and productivity...read more

Product Description: Softcover version of the second edition Hardcover. Incorporates a new author, Dr. Chris O'Donnell, who brings considerable expertise to the project in the area of performance measurement. Numerous topics are being added and more applications using real data, as well as exercises at the end of the chapters...read more

An Introduction to Efficiency and Productivity Analysis is designed as a primer for anyone seeking an authoritative introduction to efficiency and productivity analysis. It is a systematic treatment of four relatively new methodologies in Efficiency/Production Analysis: (a) Least-Squares Econometric Production Models, (b) Total Factor Productivity (TFP) Indices, (c) Data Envelopment Analysis (DEA), and (d) Stochastic Frontiers. Each method is discussed thoroughly. First, the basic elements of each method are discussed using models to illustrate the method's fundamentals, and, second, the discussion is expanded to treat the extensions and varieties of each method's uses. Finally, one or more case studies are provided as a full illustration of how each methodology can be used. In addition, all four methodologies will be linked in the book's presentation by examining the advantages and disadvantages of each method and the problems to which each method can be most suitably applied. The book offers the first unified text presentation of methods that will be of use to students, researchers and practitioners who work in the growing area of Efficiency/Productivity Analysis. The book also provides detailed advice on computer programs which can be used to calculate the various measures. This involves a number of presentations of computer instructions and output listings for the SHAZAM, TFPIP, DEAP and FRONTIER computer programs.

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Product Description: The objective of this book is to discuss specification and applications of new production, cost and profit functions. It is aimed at specialists in production, economic growth, costs, profits and applied econometrics in particular. (view table of contents, read Amazon.com's description)

Product Description: The aim of this book is to help the reader better understand and predict the effects of research and development on economic growth and on productivity. It investigates the role of technical change, emphasizing its effects in EC countries...read more

Product Description: Providing a high-level understanding of the working of a market economy from the viewpoint of a detailed operational analysis, this book analyses the macroeconomic performance of an economy in terms of its microeconomic structure its endowments and technology...read more

Product Description: This text aims to bridge the gap between theoretical and heavily quantitive approaches to utility and production functions. The author provides easy access to these core areas in microeconomics and also: systematically compiles the major forms of utility and production functions; explicitly illustrates these functions in chronological order; and reviews economists' responses to resolving the problems of the functions...read more

Product Description: Aggregation lies at the heart of macroeconomics. Economists using such aggregates as capital, investment, labor, and even output or GNP assume that such constructions have a sound analytic foundation. The question of the existence of aggregate production functions is not only part of the foundation of macroeconomic theory and policy but also played a central role in the "Cambridge vs...read more

Product Description: The book is divided into three parts each corresponding to a main analytical step. Part 1 is composed of two chapters dedicated to the classical conceptualization of the division of labour and technical change. Part 2 deals with the formalization of the concepts introduced in Part 1...read more

Product Description: This book extends the theoretical study of optimal dynamic firm behaviour by introducing technological progress and fluctuating demand in a deterministic Optimal Control model of the firm. The investment, dividend and financing behaviour of a firm is described in a dynamic optimisation model with two state variables and several state constraints...read more