Instrumental efficiency wage models predict an inverse relationship between wages and supervision with this relationship becoming more pronounced amongst firms that participate in some form of employee sharing. To be sure, our theoretical exposition predicts that an increase in total remuneration will elicit a larger cut in optimal monitoring in ‘sharing’ rather than ‘non sharing’ firms. In thi...

Some studies suggest that fishery yields can be higher with reserves than under conventional management. However, the economic performance of fisheries depends on economic profit, not fish yield. The predictions of higher yields with reserves rely on intensive fishing pressures between reserves; the exorbitant costs of harvesting low-density populations erode profits. We incorporated this effec...

A small printing company in Johannesburg has experienced a steady decline in profits over the past four years, and wishes to reverse this trend. The objective of this study was to assess the implementation of Lean Manufacturing in that context, and to determine the impact it had on the printing company’s profit margin. A process-mapping of the printing organization was performed; this process-m...

Economic weights for sow productivity traits in pure-line pig populations were derived from a single profit equation in order to provide flexibility to alternative market requirements or production systems. The profit function method was modified to account for differences in piglet perinatal survival environment imposed by litter size at birth. Both the 100kg finished pig and the feeder pig ma...

Does International Outsourcing Really Lower Workers’ Income? We analyze the impact of international outsourcing on income, if the domestic labor market is imperfect. We distinguish in our analysis between the case where the parties negotiate over the wage only and where they negotiate over both wage and profit share. We find that in the first case outsourcing will reduce (increase) workers’ inc...

Performance-based regulation (PBR) is influenced by the Bayesian and non-Bayesian incentive mechanisms. While Bayesian incentives are impractical, the insights from their properties can be combined with practical non-Bayesian mechanisms for application to transmission pricing. This combination suggests an approach based on the distinction between ultra-short, short and long periods. Ultra-short...

Performance-based regulation (PBR) is influenced by the Bayesian and non-Bayesian incentive mechanisms. While Bayesian incentives are impractical, the insights from their properties can be combined with practical non-Bayesian mechanisms for application to transmission pricing. This combination suggests an approach based on the distinction between ultra-short, short and long periods. Ultra-short...

Power to gas (PTG) refers the technology of converting power into energy-storage gas, which can absorb excess when there is and release needed. Based on carbon dioxide (CO2) emission Karamay City in Northwest China, this study designed a process flow CO2 absorption process, hydrogen methanation PTG technology. The results show that efficiency was 91.5%, 77.5%. heat recovery module set during to...

A profit?maximizing seller has a single unit of good to sell. The bidders have pure common value that is drawn from distribution commonly known. does not know the bidders' beliefs about and thinks are designed adversarially by Nature minimize profit. We construct strong maxmin solution this joint mechanism design information problem, consisting mechanism, an structure, equilibrium, such neither...

Emergence of green supply chain management could be attributed to the rising public awareness of environmental problems. Consumers say they increasingly prefer to purchase products that are produced with a minimum of pollution and with minimal environmental impact. Therefore, companies that successfully adopt a green policy can generate profits, reduce environmental impact, and provide positive...