Results 111 to 120 of about 21,388 (165)

The Theory of Cost and Production in the Multi-Product Firm

Econometrica, 1961
THE MULTI-PRODUCT firm occupies a prominent place among important but neglected topics in economic theory. Barring the programming approaches, a search of the literature reveals no comprehensive theoretical treatment of the subject. Indeed the brief development by Hicks in the mathematical appendix to Value and Capital [6] is probably the most thorough
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ADJUSTMENT TO PRODUCTION UNCERTAINTY AND THE THEORY OF THE FIRM

Economic Inquiry, 1986
This paper considers the behavior of the firm which faces uncertainty in its production process but can adjust its output once the uncertainty is resolved. Ex post adjustment, unlike previous treatments, involves a marginal cost penalty if more output is required and a lowering of price if too much is produced.
PAUL R. FLACCO, BRENT G. KROETCH
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Production Economics (Theory of the Firm)

1980
Abstract This chapter discusses the scope of production economics. Major relationships studied in production economics in the context of agriculture are explained, namely: the factor-product relationship, factor-factor relationship, and product-product relationship.
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Imperfect Market Or Imperfect Theory: A Unified Analytical Theory of Production and Capital Structure of Firms [PDF]

SSRN Electronic Journal, 2006
We present a unified analytical theory of production and capital structure of firms. It is extended from an analytical theory of production, whose main result is an analytical formula of variable cost of production as a function of fixed cost and uncertainty. Problems on capital structure can be naturally incorporated into the theory on production from
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Economic resilience of the firm: A production theory approach

International Journal of Production Economics, 2019
Abstract As a result of catastrophic events, firms and other organizations are faced with input shortages and price shocks. Firms can respond to these events using a variety of “resilience” actions, or tactics. Here we provide a microeconomic foundation for analyzing a comprehensive range of these tactics, incorporating both inherent and adaptive ...
Noah Dormady, Alfredo Roa-Henriquez, Adam Rose   +2 more
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Spillovers, integrated production and the theory of the firm

Journal of Evolutionary Economics, 1996
Recent econometric literature has demonstrated the existence of significant technological spillovers within and around groups of advanced (R&D-intensive) firms. I demonstrate thatcompetence blocks of advanced firms operate as technical universities and research institutes, unintentionally providing free educational and research services, often in areas
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The Theory of Oligopoly with Multi-Product Firms

1990
In this book a rigorous, systematic, mathematical analysis is presented for oligopoly with multi-product firms in static as well as dynamic frameworks in the light of recent developments in theories of games, oligopoly and industrial organization. The general results derived in this book on oligopoly with multi-product firms contain, as special cases ...
Koji Okuguchi, Ferenc Szidarovszky
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ADJUSTMENT TO PRODUCTION UNCERTAINTY AND THE THEORY OF THE FIRM: REPLY

Economic Inquiry, 1990
This reply responds to two comments on our 1986 article in this journal under the same title. The comments discuss a special case of the model which gives a certainty result, and also propose several alternative formulations of the model. The reply argues that the special certainty result is not an interesting or reasonable case, and discusses the ...
Paul R. Flacco, Brent G. Kroetch
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The Theory of the Firm and the Concept of an Elasticity of Substitution of Product Space

1987
Much of the theory of the firm in product space is not nearly as well developed as the theory of the firm in factor space. For example, both general and agricultura1 economists have devoted considerable effort to developing functional forms representing production processes in factor space, but the companion effort in product space has been very ...
Debertin, David L., Debertin, David L.
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ADJUSTMENT TO PRODUCTION UNCERTAINTY AND THE THEORY OF THE FIRM: A COMMENT

Economic Inquiry, 1990
This paper reconsiders the model presented by Flacco and Kroetch [1986]. It shows that with additive technological uncertainty the firm will produce and contract to sell the same output as under certainty. When the Flacco/Kroetch model is generalized to allow the firm to select contract commitments and planned output ex ante, no simple comparisons with
Torsten Schmidt, John Tressler
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