The Federal Reserve’s “quantitative easing” (QE) policy ended in the fall of 2014, even though economic growth in the US was still sluggish, wage growth was stagnant and inflation was still far below the Federal Reserve’s target of 2%. In this paper we seek some clues to help explain the Fed’s decision by studying the political economy of the QE policy. In particular, we study which business se...

Despite widespread privatization and liberalization of the electricity sector in the 1980s and 1990s, rural electrification has been largely neglected. This is attributed to the fact that rural electrification provides little by way of market incentives for profit-seeking private companies. Besides, it is also characterized by geographical remoteness, dispersed consumers, higher costs of supply...

Economic exchange often pits options for selfish and cooperative benefit against one another. Decisions favoring communal profit at the expense of self-interest have traditionally been thought to stem from strategic control aimed at tamping down emotional responses centered on immediate resource acquisition. In the present article, evidence is provided to argue against this limited view of the ...

Methodology for selection index updating was developed to allow multistage selection. The program determines truncation points for each stage of selection that will maximize either profit or the ratio of aggregate economic gain to cost (R = delta H/C). Either maximum profit or R may be attained by reducing the cost of performance testing in later stages of a multistage program. In order to elim...

There are a number of arguments that relate to how firms should do product pricing. Although classic economic arguments suggest that prices are set to maximize profit. empirical evidence indicates that cost-plus pricing is the most widespread approach used in practice. However. other researchers have found other views of how prices are set. including attaining a satisfactory profit and not maki...

This manuscript summarises the techno-economic feasibility of refined cashew nut shell liquid (CNSL). A simple mass transfer based mathematical model for the yield prediction is presented. The process parameters and extraction time for maximum profit and purity of the product were optimized. The optimum extraction time for maximum profit and purity was found to be 0.9h at 300 bar and 323 K. The...

Profit maximization is an important issue to the firms that pursue the largest economic profit possible. In this paper, we consider the profit-maximization problem with the known CobbDouglas production function. Its equivalent geometric programming form is given. Then due to the presence of uncertainties in real world modeling, we have assumed interval uncertainties on the model parameters. The...