Competition And The Evolution Of Efficiency
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Author | : Sónia Félix |
Publisher | : International Monetary Fund |
Total Pages | : 57 |
Release | : 2019-12-13 |
Genre | : Business & Economics |
ISBN | : 1513521519 |
This paper studies the macroeconomic effect and underlying firm-level transmission channels of a reduction in business entry costs. We provide novel evidence on the response of firms' entry, exit, and employment decisions. To do so, we use as a natural experiment a reform in Portugal that reduced entry time and costs. Using the staggered implementation of the policy across the Portuguese municipalities, we find that the reform increased local entry and employment by, respectively, 25% and 4.8% per year in its first four years of implementation. Moreover, around 60% of the increase in employment came from incumbent firms expanding their size, with most of the rise occurring among the most productive firms. Standard models of firm dynamics, which assume a constant elasticity of substitution, are inconsistent with the expansionary and heterogeneous response across incumbent firms. We show that in a model with heterogeneous firms and variable markups the most productive firms face a lower demand elasticity and expand their employment in response to increased entry.
Author | : John Williams |
Publisher | : Routledge |
Total Pages | : 274 |
Release | : 2012-07-26 |
Genre | : Business & Economics |
ISBN | : 1136332340 |
Why have food crises seemingly become more frequent in recent years, compared to the last few decades? This book examines an array of different issues and distortions that are causing food supply chain dysfunction in many countries, particularly for staple non-perishable foods such as grains, oilseeds, pulses and sugar. It outlines the underlying changes that are currently occurring, which will have an influence on the direction of future food supply chains, and provides some solutions to current food security problems. Based on an analysis of total regulation in the 1950s-60s through to deregulation during the 1980-90s, as well as post-deregulation, it focuses on liberal trade and deregulation as a more successful solution to creating efficiencies in food supply chains and distribution. The author highlights a common thread of either farmers using government for vested-interest intervention, or autocratic governments seeking market and supply-chain power. The book examines the role of government after 70 years of food supply chain intervention. It discusses the role of commercial ‘trade’ markets and cluster industries and how these can quickly disintegrate when price distortions occur. The author studies both food importing and exporting countries and concludes that comingled commoditization of food has led to increased hoarding, corruption, and dependence on food aid. He argues that a competitive food supply chain that has minimum intervention is more likely to provide future food security. In conclusion the book emphasizes that adequate rewards, competition, and striving for supply chain efficiencies are the essences of sustainable food security.
Author | : Armin W. Schulz |
Publisher | : MIT Press |
Total Pages | : 281 |
Release | : 2022-11-01 |
Genre | : Psychology |
ISBN | : 0262546736 |
An argument that representational decision making is more cognitively efficient, allowing an organism to adjust more easily to changes in the environment. Many organisms (including humans) make decisions by relying on mental representations. Not simply a reaction triggered by perception, representational decision making employs high-level, non-perceptual mental states with content to manage interactions with the environment. A person making a decision based on mental representations, for example, takes a step back from her perceptions at the time to assess the nature of the world she lives in. But why would organisms rely on representational decision making, and what evolutionary benefits does this reliance provide to the decision maker? In Efficient Cognition, Armin Schulz argues that representational decision making can be more cognitively efficient than non-representational decision making. Specifically, he shows that a key driver in the evolution of representational decision making is that mental representations can enable an organism to save cognitive resources and adjust more efficiently to changed environments. After laying out the foundations of his argument—clarifying the central questions, the characterization of representational decision making, and the relevance of an evidential form of evolutionary psychology—Schulz presents his account of the evolution of representational decision making and critically considers some of the existing accounts of the subject. He then applies his account to three open questions concerning the nature of representational decision making: the extendedness of decision making, and when we should expect cognition to extend into the environment; the specialization of decision making and the use of simple heuristics; and the psychological sources of altruistic behaviors.
Author | : Michael T. Hannan |
Publisher | : Oxford University Press, USA |
Total Pages | : 303 |
Release | : 1992 |
Genre | : Organizational change |
ISBN | : 0195071913 |
This study aims to broaden the general understanding of change in organizational populations by examining the dynamics of numbers of organizations in populations. The authors examine labour unions, newspapers, publishing, brewing firms, life insurance companies and banks.
Author | : Bo Ebenman |
Publisher | : Springer Science & Business Media |
Total Pages | : 288 |
Release | : 2012-12-06 |
Genre | : Science |
ISBN | : 3642740014 |
At last both ecology and evolution are covered in this study on the dynamics of size-structured populations. How does natural selection shape growth patterns and life cycles of individuals, and hence the size-structure of populations? This book will stimulate biologists to look into some important and interesting biological problems from a new angle of approach, concerning: - life history evolution, - intraspecific competition and niche theory, - structure and dynamics of ecological communities.
Author | : Jeffrey Yi-Lin Forrest |
Publisher | : Springer Nature |
Total Pages | : 514 |
Release | : 2021-10-22 |
Genre | : Business & Economics |
ISBN | : 3030828980 |
This book uses a system-based approach to decipher and organize the concepts and conclusions relevant for creating and capturing value in business. It develops a scientific theory based on systems science and logical reasoning that is commonly employed in mathematics and natural science. The resulting new theory focuses on the organizational nature of the world and the organic and holistic feature of human organizations and their interactions. To this end, this book identifies a few axioms, instead of empirical discoveries, on which it reliably constructs the entire theory.
Author | : Daniel Berkowitz |
Publisher | : Princeton University Press |
Total Pages | : 248 |
Release | : 2012 |
Genre | : Business & Economics |
ISBN | : 0691136041 |
The book also examines the effects of early legal systems.
Author | : Giuliano Amato |
Publisher | : Hart Publishing |
Total Pages | : 148 |
Release | : 1997-10-19 |
Genre | : Law |
ISBN | : 1901362299 |
Examines dilemmas surrounding antitrust law and public and private power and the ways in which these problems have been addressed by legislatures and courts in the US and in Europe. Offers sometimes controversial observations on the history and doctrines of antitrust law, and conclusions as to how successfully the dilemma is being managed by the economies of the US and Europe. Amato is head of the Italian Antitrust Authority, a professor of law at the European University Institute in Florence, Italy, and a former Prime Minister of Italy. Distributed by ISBS. Annotation copyrighted by Book News, Inc., Portland, OR
Author | : Geoffrey Martin Hodgson |
Publisher | : University of Michigan Press |
Total Pages | : 398 |
Release | : 1996 |
Genre | : Business & Economics |
ISBN | : 9780472084234 |
How evolutionary ideas can be used to reconstruct economics.
Author | : Robert Bork |
Publisher | : |
Total Pages | : 536 |
Release | : 2021-02-22 |
Genre | : |
ISBN | : 9781736089712 |
The most important book on antitrust ever written. It shows how antitrust suits adversely affect the consumer by encouraging a costly form of protection for inefficient and uncompetitive small businesses.