Evolvable architecture provides flexibility to meet unanticipated requirements, shorten time to market and reduce development effort. Investments in evolvable architecture are large, lengthy and risky. Therefore, a decision to invest in evolvability is often postponed until maintenance cost significantly overtakes the development costs, and severely disrupts further developments. The economic b...

Microbial cellulases find applications in various industries and constitute a major group of the industrial enzymes. Recently, there is resurgence in utilization of biomass for fuel production employing cellulases and hence forth in obtaining better yields and novel activities. Improving the economics of such processes will involve cost reduction in cellulase production which may be achieved by...

The purpose of this article is to discuss the contributions of the evolutionary theory of innovation on the micro and meso dynamics of environmental innovations. We argue that the evolutionary literature on innovation, and more particularly on technological regimes, provides a relevant framework in order to analyse the various determinants of environmental innovations and the double externality...

NUMBER: 002-0038 TITLE OF THE PAPER: Monitoring Extended Enterprise Operations Using KPI's and a Performance Dashboard Second World Conference on POM and 15th Annual POM Conference, Cancun, Mexico, April 30 May 3, 2004. Name: Marco Busi Institution: 1. Norwegian University of Science and Technology, Department of Quality and Production Engineering 2. SINTEF Industrial Management, Department of ...

This paper seeks to offer a theoretical platform where the modern “resource-based view” of the firm might meet with evolutionary economics and the study of entrepreneurship, and with the economics of industrial organization. It does so by proposing the concept of the “resource economy” within which productive resources are produced and exchanged between firms. This is presented as the dual of t...

The analysis of social networks has recently become a central issue in industrial organisation. A growing literature has started to show the importance of social networks in the economy, above all to explain labour mobility and the actual production of innovation. I argue that using such concepts and analytical tools requires a deep understanding of what is meant by knowledge and by the mechani...

We study optimal price setting by a monopolist in an in…nite horizon model with stochastic costs, moderate in‡ation, and costly price adjustment. For realistic parameters, chosen to replicate observed frequencies of price changes, the model …ts numerically several empirical regularities. In particular, price reductions are larger but less frequent than price increases, and prices respond consid...

We consider a general equilibrium model a la Bhaskar (Review of Economic Studies 2002): there are complementarities across sectors, each of which comprise (many) heterogenous monopolistically competitive …rms. Bhaskar’s model is extended in two directions: production requires capital, and labour markets are segmented. Labour market segmentation models the di¢ culties of labour migrating across ...

Can the market provide law enforcement? This paper addresses this question by analyzing an historical case study: the system of private prosecutions that prevailed in England prior to the introduction of the police. I examine why this system came under strain during the Industrial Revolution, and how private clubs emerged to internalize the externalities that caused the private system to genera...

cities have been in different ages influenced the thoughts and ideas numerous. ideas influences have such as socialism, capitalism, industrial and industrial ford ... finally, modern, post-modern and postmodern urban form and life style, urban management and economic. globalization is makes also variation cultures, economics, communications and communities. increased sense of global citizenship...