We study the impact of special interest politics on competition for a multinational between two countries. We show that whether a country will win this competition is determined by both economic factors, which include for which country foreign direct investment will bring more national welfare, and in which country the multinational will make more profits; and to what extent each country’s gove...

to measure an unbiased farm-specific efficiency of individual dairy farmers, a shadow-price profit frontier adjusted for market distortion was applied to a sample of 860 iranian small intensive dairy farms surveyed in 2005-2006. this measure was then compared with that of unadjusted measure that assumes undistorted market. a multiple general linear model (glm) technique was applied to the data ...

As widely recognized, human mankind stands before the most challenging problem of preventing anthropogenic climate change. As a response to this, the European Union advocates an ambitious climate policy mix. However, there is no consensus concerning the impact of stringent environmental policy on firms’ competitiveness and profitability. From the traditional ‘static’ point of view there are pro...

This paper establishes that the profit-seeking activities of private intermediaries can ensure Pareto efficiency in the standard pure-exchange monetary overlapping generations economy without the need for government monetary or fiscal policy intervention. Moreover, these profit-seeking activities are shown to rule out all aperiodic and kperiodic cycles for k greater than 2. Contrary to much rec...

the present study is an attempt towards remodeling cost, revenue and profit relationship within the network process. the previous models of data envelopment analysis (dea) have been too general in their scope and focused on the input and the output within a black box system, therefore they have not been able to measure various phases simultaneously within a network system. by using these models...

The stock market, take-over bidders, executive pay setters, perhaps Stephen Littlechild himself, even last summer’s weather, all seem to have been undermining RPI–X price-cap regulation. Until recently, price-cap regulation was regarded as demonstrably superior to US-style rate-of-return regulation, and regulatory reform in several countries has embraced price-cap regulation. But in Britain, wh...

We apply the theoretical model of endogenous reference-dependence of Ok, Ortoleva and Riella (2011) to the theory of vertical product differentiation. We analyze the standard problem of a monopolist who offers a menu of alternatives to consumers of different types, but we allow for agents to exhibit a form of endogenous reference dependence like the attraction effect. We show that the presence ...