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Books > Business & Economics > Economics > Microeconomics
This book is the collection of my own studies in logistics,
targeted to a broad readership. The book consists of 4 parts and 5
chapters. The first part deals with the logistics services in
developed and developing countries, while the second part covers
global competitiveness and logistics performance. The third part is
about the relationship between the logistics performance and
education and, finally, the fourth part examines the relationship
between the choices of transport mode and fuel type. All the
chapters in this book are independent of each other, with each one
reflecting my own experience, analyses and results. I hope you will
find this book useful, informative and appropriate for your needs.
This expansive and practical Handbook introduces the methods
currently used to increase the understanding of the usefulness and
versatility of a systematic approach to qualitative research in
entrepreneurship. It fills a crucial gap in the literature on
entrepreneurship theory, and, just as importantly, illustrates how
these principles and techniques can be appropriately and fruitfully
employed. The Handbook is underpinned by the belief that
qualitative research has the potential to charter hitherto
unexplored waters in the field of entrepreneurship and thus
contribute significantly to its further advancement. The
contributors seek to assist entrepreneurship researchers in making
more informed choices and designing more rigorous and sophisticated
studies. They achieve this by providing concrete examples of
research experiences and tangible 'how to' advice. By clarifying
what these research methods entail, how they are currently being
used and how they can be evaluated, this Handbook constitutes a
comprehensive and highly accessible methodological toolbox. Dealing
with both well-accepted qualitative approaches and lesser-known,
rarer and more novel approaches to the study of entrepreneurship,
this Handbook will be invaluable to those studying, researching and
teaching entrepreneurship.
Terutomo Ozawa examines Japan's once celebrated post-war economic
success from a new perspective. He applies a 'flying geese' model
of industrial upgrading in a country that is still catching-up, to
explore the rise, fall and rebound of Japanese industry with its
evolving institutions and policies. The book brings together and
expands upon theories developed in the author's work over many
years, using them as building blocks for his flying geese model.
Concepts explored include: * economics of hierarchical
concatenation, increasing factor incongruity, comparative advantage
(or market) recycling * the Ricardo-Hicksian trap of industrial
production, Smithian growth elan, triumvirate pro-trade structural
transformation * knowledge creation versus knowledge diversion, the
price-knowledge/industry-flow mechanism 'a la David Hume' * the
syndrome of institutional incongruity, and socially justifiable
moral hazard versus degenerative moral hazard. The dynamic process
of industrial upgrading is analysed in detail, and important
lessons for both developing and transition economies are
highlighted. This fascinating book will attract a wide-ranging
readership, encompassing practitioners and academics interested in
international business, economic development, trade, and political
science. In addition, sociologists focussing on business and
industry, and researchers on, and policymakers in, developing and
transition economies will also find this book of immense interest.
Through a variety of analytical lenses - formal modeling,
econometrics and case study comparisons - Carlos RufIn fills a gap
in the political economy of second-wave, or microeconomic, reforms
around the world. More specifically, he does so in the context of
the electricity supply industry, where such reforms have been as
problematic as they have been widespread. The author shows that
ideological considerations and bargaining over the distribution of
economic rents accruing from certain institutional arrangements are
powerful shapers of institutional change. At the same time, the
legacy of the past does not appear to have a clear or systematic
effect on the direction of second-wave reforms that seek to
transform existing economic institutions. If distributional
conflicts can be resolved, these conclusions provide grounds for
optimism about the ability to create new institutions even in
countries where little favorable precedent exists. Political
economy and public policy scholars, specialists on
business-government relations and non-market strategy and those
interested in Latin America will find this comprehensive book of
great interest. Practitioners involved in the design and
implementation of second-wave reforms around the world will find
this an essential addition to their library.
In Firms, Strategies and Economic Change, Fu-Lai Tony Yu
acknowledges the shortcomings of contemporary research on
industrial organisation and strategy, while proposing a novel
subjectivist approach to economic and management problems. Based
largely on the works of Max Weber, Alfred Schutz, Ludwig von Mises
and Frank H. Knight, this book develops the subjective
interpretation framework to promote better understanding of
entrepreneurship, industrial organisation and strategy, vertical
integration, innovation, consumer behaviour, business cycles and
institutional change more fully. The author also presents a new
interpretation on the economics of Frank H. Knight and sheds light
on the history of subjectivist economics. Adding new insights not
only to economics but also to business, entrepreneurship and
industrial organisation issues, this book will have a wide appeal
to scholars of these areas as well as Austrian economists.
Modern societies face several structural problems such as transport
congestion and greenhouse gas emissions due to the widespread use
of fossil fuels. To address these important societal problems and
achieve sustainability in the broad sense, major transformations
are required, but this poses an enormous challenge given the
complexity of the processes involved. Such transformations are
called 'transitions' or 'system innovations' and involve changes in
a variety of elements, including technology, regulation, user
practices and markets, cultural meaning and infrastructure. This
book considers two main questions: how do system innovations or
transitions come about and how can they be influenced by different
actors, in particular by governments. The authors identify the
theories which can be used to conceptualise the dynamics of system
innovations and discuss the weaknesses in these theories. They also
look at the lessons which can be learned from historical examples
of transitions, and highlight the instruments and policy tools
which can be used to stimulate future system innovations towards
sustainability. The expert contributors address these questions
using insights from a variety of different disciplines including
innovation studies, evolutionary economics, the sociology of
technology, environmental analysis and governance studies. The book
concludes with an extensive summary of the results and practical
suggestions for future research. This important new volume offers
an interdisciplinary assessment of how and why system innovations
occur. It will engage and inform academics and researchers
interested in transitions towards sustainability, and will also be
highly relevant for policymakers concerned with environmental
issues, structural change and radical innovation.
What do Goggle, Facebook, mobile phones and creative commons have
in common? The answer is: economics! Stefano Comino and Fabio
Manenti have written a crisp and thorough treatment of the
economics of information and communications technologies. This
valuable book fills a real gap in the market.' - Professor Tommaso
Valletti, Imperial College Business School'I enjoyed reading this
book immensely. So will students, as they will be able to see
lucidly the economics behind their inseparable electronic
companions. Researchers keeping a copy at hand will have a rich
reference source of the ways in which good economic theory has
captured the behaviour of sophisticated firms and their customer.'
- Gianni De Fraja, The University of Nottingham, UK This text
rigorously blends theory with real-world applications to study the
industrial organization of the ICT sector. Each of the
self-contained chapters, which can be studied in isolation,
contains theoretical models that are presented in a clear and
accessible way. Throughout, a series of useful boxes complements
and elucidates the theories with additional empirical/anecdotal
evidence. This text will be of great interest to advanced
undergraduate students with a background in microeconomics and game
theory, particularly those taking courses in industrial
organization, innovation economics and the economics of networks.
The authors address the most important issues and are able to
explore and explain complex theories and concepts in a clear,
logical and coherent manner. Some of the topics covered include: -
the economics of innovation - digital markets - network
externalities - two-sided networks - imitation, open source and
file sharing - antitrust in high-tech sectors. Contents: 1.
Industrial Organisation of High-Tech Markets 2. Digital Markets 3.
Network Externalities 4. Two-Sided Networks 5. Access and
Interconnection in Telecommunications 6. Cumulative Innovation in
Dynamic Industries 7. Imitation, Open Source and File Sharing 8.
Antitrust in High-Tech Sectors References Index
It is fashionable to criticize economic theory for focusing too
much on rationality and ignoring the imperfect and emotional way in
which real economic decisions are reached. All of us facing the
global economic crisis wonder just how rational economic men and
women can be. Behavioral economics - an effort to incorporate
psychological ideas into economics - has become all the rage. In
this book, David K. Levine questions the idea that behavioral
economics is the answer to economic problems. He explores the
successes and failures of contemporary economics both inside and
outside the laboratory, and asks whether popular behavioral
theories of psychological biases are solutions to the failures. The
book not only provides an overview of popular behavioral theories
and their history, but also gives the reader the tools for
scrutinizing them. Is Behavioral Economics Doomed? is essential
reading for students and teachers of economic theory and anyone
interested in the psychology of economics.
This lively book takes Oklahoma history into the world of Wild West
capitalism. It begins with a useful survey of banking from the
early days of the American republic until commercial patterns
coalesced in the East. It then follows the course of American
expansion westward, tracing the evolution of commerce and banking
in Oklahoma from their genesis to the eve of statehood in 1907.
"Banking in Oklahoma before Statehood "is not just a story of men
sitting behind desks. Author Michael J. Hightower describes the
riverboat trade in the Arkansas and Red River valleys and
freighting on the Santa Fe Trail. Shortages of both currency and
credit posed major impediments to regional commerce until
storekeepers solved these problems by moving beyond barter to open
ad hoc establishments known as merchant banks.
Banking went through a wild adolescence during the territorial
period. The era saw robberies and insider shenanigans, rivalries
between banks with territorial and national charters, speculation
in land and natural resources, and land fraud in the Indian
Territory. But as banking matured, the better-capitalized
institutions became the nucleus of commercial culture in the
Oklahoma and Indian Territories.
To tell this story, the author blends documentary historical
research in both public and corporate archives with his own
interviews and those that WPA field-workers conducted with
old-timers during the New Deal. Bankers were never far from the
action during the territorial period, and the institutions they
built were both cause and effect of Oklahoma's inclusion in
national networks of banking and commerce. The no-holds-barred
brand of capitalism that breathed life into the Oklahoma frontier
has remained alive and well since the days of the fur traders. As
one knowledgable observer said in the 1980s, "You've always had the
gambling spirit in Oklahoma."
Economic Growth and the Environment explores the debate on how to
reconcile economic growth with protection of the natural
environment, and the closely related discussion on whether an
increasing scarcity of natural resources will eventually force
economic growth to cease. The debate focusses on whether
environmental policies will benefit the economy or not, and is
divided into growth optimists and growth pessimists. In general,
economists have been optimistic and have pointed to the
possibilities of technological progress and substitution, yet they
also acknowledge that natural resources and environmental concern
do restrict economic growth. The difficulty lies in quantifying the
constraint to economic growth. Modern growth economists have
constructed models to examine to what extent 'growth pessimism' is
theoretically warranted. This book provides an introduction to some
of these models, brings together the discussion between growth
optimists and pessimists, and presents the theory behind their
arguments. It aims to present models where both sides can meet and
where both are able to derive expected results with the parameter
values that they deem appropriate. From there, the discussions can
turn to the empirical observations about these parameters. This
book will be of interest to advanced undergraduates in economics,
microeconomics, economic growth, sustainable development, and
environmental economics. Each chapter concludes with a set of
Exercises designed to help the reader master the models.
"Business Adventures remains the best business book I've ever
read." --Bill Gates, The Wall Street Journal What do the $350
million Ford Motor Company disaster known as the Edsel, the fast
and incredible rise of Xerox, and the unbelievable scandals at
General Electric and Texas Gulf Sulphur have in common? Each is an
example of how an iconic company was defined by a particular moment
of fame or notoriety; these notable and fascinating accounts are as
relevant today to understanding the intricacies of corporate life
as they were when the events happened. Stories about Wall Street
are infused with drama and adventure and reveal the machinations
and volatile nature of the world of finance. Longtime New Yorker
contributor John Brooks's insightful reportage is so full of
personality and critical detail that whether he is looking at the
astounding market crash of 1962, the collapse of a well-known
brokerage firm, or the bold attempt by American bankers to save the
British pound, one gets the sense that history repeats itself. Five
additional stories on equally fascinating subjects round out this
wonderful collection that will both entertain and inform readers .
. . Business Adventures is truly financial journalism at its
liveliest and best.
This authoritative collection reprints the key articles in the
field of locational clustering, and the relationship between local
clusters and the activities of multinational firms. It covers both
the principle theoretical and statistical explanations of the
clustering of firms in common locations, and includes a selection
of important empirical studies of this phenomenon. Special
attention is given to the role played by knowledge spillovers, and
notably the geographical dimension of the relationship between
firms and universities. Further articles demonstrate how, contrary
to some popular beliefs, globalisation is not only consistent with
the emergence of a new emphasis upon locational clustering, but in
many ways it has helped to promote the differentiation of the
productive capabilities of different locations, and so has
reinforced clustering and reflected it. Globalization and the
Location of Firms will appeal to all those interested in the
revival of the role of location in economics and business, from any
of a variety of perspectives on the subject.
The original essays in this book connect the microeconomic and
macroeconomic approaches to public debt. Through their
thought-provoking views, leading scholars offer insights into the
incentives that individuals and governments may have in resorting
to public debt, thereby promoting a clearer understanding of its
economic consequences. The authors explore public debt along two
distinct but complementary analytical paths. One path concerns
microeconomic aspects of public debt as it emerges through
budgetary processes where individuals respond to the costs and
gains of different courses of action. The other concerns the
systemic properties of rational individual acting within a
democratic system of political economy. Within this scheme of
thought, the two levels of analysis are integrated by recognition
that efforts to control macro-level outcomes must address the
micro-level circumstances and conditions that promote public debt
as systemic budgetary outcomes. Scholars and students, as well as
policy makers in public debt and political economy, will find this
critical resource invaluable to understanding this vital issue.
Contributors include: A. Alupoaiei, F. Balassone, G. Brennan, S.
Cecchetti, M. Cecioni, M. Cioffi, W. Cornacchia, F. Corneli, F.
Dragu, G. Eusepi, E. Longobardi, K. Mause, F. Neagu, A. Pedone, A.
Rieck, L. Schuknecht, G. Semeraro, L. Voinea, R.E. Wagner
In this book, leading experts in the field examine the effects of
the recent growth in concentration in the European food retailing
sector. In particular, the book develops a number of buyer power
propositions and builds on the previous work of several of the
authors, to consider how the growth of large supermarket chains
affects competition in food retailing. The authors outline the
theoretical and policy analysis underpinning the work and assess
evidence on the size and growth of supermarket chains across the
EU. Whilst not entirely critical, they suggest that there is strong
evidence in some countries that supermarkets use their buying power
to impose unfair terms and conditions on suppliers, particularly
affecting small suppliers. The authors use case studies, to provide
an in-depth analysis of four European countries, namely France,
Germany, Spain and the UK. The book ends with a discussion of
policy issues against a backdrop of likely future trends in
concentration in this area. Academics working in the areas of
microeconomics and industrial economics as well as those involved
in European competition policy more generally, such as lawyers,
civil servants and consultancy groups, will find this volume
enlightening.
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