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Social and Behavioral Sciences Commons

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Articles 1 - 7 of 7

Full-Text Articles in Social and Behavioral Sciences

Inventory Accounting And Profit Evaluation, Riccardo Fiorito Dec 1991

Inventory Accounting And Profit Evaluation, Riccardo Fiorito

riccardo fiorito

In an inventory model with exogenous sales, FIFO and LIFO criteria are formalized and compared with national account estimates for intermediate and finished good products. The model is simulated using manufacturing input and output prices for Italy (1970-88). LIFO and NIPA estimates of inventory are usually close and also imply reliable measures of output levels and changes which can be shown by solving the quantity model. Conversely, FIFO exhibits larger profits and leads in real terms to unsatisfactory estimates of output changes.


The New Soviet - East European Economic Relationship: Post Cmea, Joseph Pelzman Oct 1991

The New Soviet - East European Economic Relationship: Post Cmea, Joseph Pelzman

Joseph Pelzman

No abstract provided.


Extending The Economic Theory Of Regulation: The Form Of Policy, Eric Bennett Rasmusen, Mark Zupan Mar 1991

Extending The Economic Theory Of Regulation: The Form Of Policy, Eric Bennett Rasmusen, Mark Zupan

Eric Bennett Rasmusen

The mutually beneficial connection between industries and the governments that regulate them is the subject of a large literature led by Stigler (1971). What has not been studied is how firms choose their desired policies from the set including entry barriers, price floors, subsidies, and demand stimulation. We take as given that government and incumbents form the supply and demand for regulation and explore the choice of political product.


Recent Developments In The Economics Of Exclusionary Contracts, Eric Bennett Rasmusen Jan 1991

Recent Developments In The Economics Of Exclusionary Contracts, Eric Bennett Rasmusen

Eric Bennett Rasmusen

A short survey of ideas on exclusive-dealing contracts.


Dynamic Bargaining With Transaction Costs, Peter Cramton Jan 1991

Dynamic Bargaining With Transaction Costs, Peter Cramton

Peter Cramton

A buyer and seller alternate making offers until an offer is accepted or someone terminates negotiations. The seller's valuation is common knowledge, but the buyer's valuation is known only by the buyer. Impatience to reach an agreement comes from two sources: the traders discount future payoffs and there are transaction costs of bargaining. Equilibrium behavior involves either immediate trade, delayed trade, or immediate termination, depending on the size of the gains from trade and the relative bargaining costs. This contrasts with the pure discounting model where termination never occurs, and the pure transaction cost model where delayed trade never occurs.


Shrewd Bargaining On The Moral Frontier: Toward A Theory Of Morality In Practice, Peter Cramton, J Gregory Dees Jan 1991

Shrewd Bargaining On The Moral Frontier: Toward A Theory Of Morality In Practice, Peter Cramton, J Gregory Dees

Peter Cramton

From a traditional moral point of view, business practitioners often seem overly concerned about the behavior of their peers in deciding how they ought to act. We propose to account for this concern by introducing a mutual trust perspective, where moral obligations are grounded in a sense of trust that others will abide by the same rules. When grounds for trust are absent, the obligation is weakened. We illustrate this perspective by examining the widespread ambivalence with regard to deception about one’s settlement preferences in negotiation. On an abstract level, such deception generally seems undesirable, though in many individual cases …


Characterization Of Sh Groups In Porin Of Bovine Heart Mitochondria. Porin Cysteines Are Localized In The Channel Walls., Philadelphia University Jan 1991

Characterization Of Sh Groups In Porin Of Bovine Heart Mitochondria. Porin Cysteines Are Localized In The Channel Walls., Philadelphia University

Philadelphia University, Jordan

No abstract provided.