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Technical And Allocative Efficiency: Preliminary Ideas Toward Discrimination Between The Hypotheses, John Heineke, M. N. Darrough

Economics

Two levels of efficiency lie behind the supply and demand equations of neoclassical economic theory. First, firms are assumed to be technically efficient, in that maximum output is obtained from any given mix of inputs. Second, firms are assumed to be allocatively (or price) efficient, in that input and output mixes are chosen such that profits are maximum. Although it has often been argued that firms must be "efficient" in a competitive economy, only a very limited amount of work has been directed to measuring the extent of any inefficiencies. In this paper we provide a framework for such measurements …

Political Economy Of Capitalism - Notes On Dobbs Theory Of Crisis 2, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Shaikh, A. (1978). Political economy and capitalism: Notes on Dobb’s theory of crisis. Cambridge Journal of Economics, 2(2), 233–251. Oxford University Press. Page proofs with author’s corrections.

Correspondence (Blue), Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• A letter to Bloom regarding calculating rates of profit (May 2, 1983)

• A letter from Abe Bloom with questions about Shaikh's lecture (January 15, 1983)

• Capital and labor input tables and charts

• A letter from William W. Goldsmith regarding Shaikh's papers on comparative advantage (June 26, 1983)

• A note from Pat De Angelis expressing thanks

• A letter from Hiroshi Izumi regarding a review for Shaikh's book (April 8, 1994)

• A letter from Alice H. Amsden questioning why Shaikh called off a department meeting (December 18, 1991)

• A memo to …

Cost-Effectiveness Of Air Pollution Control In Illinois, 1970-1976, Timothy E. Sullivan

Masters Theses

No abstract provided.

Ua68/2 Intercambio Internacional, Vol. Ii, No. 2, Wku Latin American Studies

WKU Administration Documents

Newsletter created by WKU Latin American Studies committee regarding science, politics and economic advances in Latin America as well as cooperative projects between WKU and universities across Latin America. The newsletter is written in both English and Spanish.

Theoretical And Empirical Approaches To The Analysis Of Opec, Albert L. Danielsen

UMR-MEC Conference on Energy / UMR-DNR Conference on Energy

Formal theoretical models of world oil price determination have been developed in recent years. In addition, some empirical estimates of expected future prices have been proposed. This paper explains how exhaustible resource and cartel theory are integrated into the opitmal control framework. Some empirical studies in the optimal control tradition are surveyed and evaluated.

The Impact Of Changing Net Returns On Minimum Energy Requirements For Grain Farms, James B. Kliebenstein, Robert M. Finley, Douglas C. Farthing

UMR-MEC Conference on Energy / UMR-DNR Conference on Energy

With sources of energy more restricted and higher priced, optimal combinations of enterprises must logically be considered on the basis of energy efficiency. One method of ascertaining this efficiency is to optimize solutions for given levels of income on the basis of energy used (e.g., the objective function was in terms of energy kilocalories). In general, soybeans were most feasible at lower levels of income regardless of farm size and labor circumstance. As income levels increased, double-cropping (wheat soybeans) was first substituted and finally corn at highest income levels.

The Opec Oil-Pricing Policies, Vaman Rao

UMR-MEC Conference on Energy / UMR-DNR Conference on Energy

The capital-theoretic model suggested for determining the price- quantity combinations does not hold in the case of most natural resources, including petroleum, since the inelastic demand function would vitiate the optimal solution. The specification of a dynamic demand function, with necessary, attributes, no doubt, results in a valid optimal solution in period t, but that could be achieved only at the cost of sub-optimal solution in other periods. If the OPEC starts behaving as a discriminating monopoly, instead of as a pure monopoly, the optimal solution is assured in all markets and in all time periods.

Some Financial Implications Of Divestiture Legislation, John Griffith, Jack W. Waldrip

UMR-MEC Conference on Energy / UMR-DNR Conference on Energy

Those critical of divestiture legislation emphasize both the relative lack of concentration and the advantages of grouping the development of two or more energy materials under the management of one corporate business. Many of these arguments are extremely difficult to evaluate without harder evidence than appears to be available at present. This paper purports to deal with some of the financial and legal consequences of different possible methods of accomplishing divestiture.

Strategies For Business Survival In A World Of Government Intervention, Murray L. Weidenbaum

Murray Weidenbaum Publications

Murray Weidenbaum points out that the future of the economic system depends on government policies and their effects on business.

A Study Of The Feasibility Of Establishing A Handcrafted Wood Furniture Enterprise In North Central New Mexico: Final Report, Phase Ii, University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

This report evaluates the economic feasibility of establishing a profit-oriented, handcrafted wood furniture enterprise distributed across small rural communities in north-central New Mexico. Utilizing financial model simulations of low- and high-revenue outcomes, the study concludes that a centralized management and marketing structure utilizing local forest resources would be an economically viable venture capable of providing sustainable employment.

A Study Of The Feasibility Of Establishing A Handcrafted Wood Furniture Enterprise In North Central New Mexico: Final Report, Phase Ii, University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

This report evaluates the economic viability of establishing a handcrafted wood furniture enterprise in north-central New Mexico. The report develops an organizational and production model using decentralized village workshops supported by centralized management and marketing, concluding that the proposed venture could be economically feasible while promoting rural employment and forest-resource utilization.

A Case Study Of Displaced Workers: The Hesston Experience, Thomas G. Fritts

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

In August of 1976, a factory employing 210 workers began a phased layoff of all employees. This study focused on the subsequent reemployment problems of the workers. Specifically, methods of job search were analyzed to determine if they had an influence upon placement and quality of employment.

Two means of data collection were used in this study. Questionnaires were mailed to all former employees of Hesston Farm Machinery Company and oral interviews were conducted with public and private individuals involved with placement assistance to displaced workers.

Results of the study indicated that public employment offices, private employment agencies, and Hesston's …

Interpretations And Implementations Of Compulsory Free Enterprise Education In Utah Public High Schools, Marsha M. Campbell

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

The Utah legislature passed Senate Bill 203 in 1975, requiring all public secondary schools to offer instruction on the essentials and benefits of free enterprise. The problem is that no evaluation has been made to determine if the specific requirement is being fulfilled. The purpose of this study is to determine interpretations and implementations of Senate Bill 203. Questions in four areas were studied.

1. Administrators: (a) how did administrators of the districts interpret the guidelines, (b) how did the administrators decide upon the approach followed, (c) how did the administrators justify the approach followed, (d) what instructional materials did …

New York City And The Economic Crisis, Joseph Harris

The Journal of Sociology & Social Welfare

The crisis of New York City and the crises affecting many hundreds of other cities, counties, school districts, and other local and state governments are not accidents. They are a direct result of the neglect that social welfare receives at the hands of a government interested only in furthering the profits and position of the monopolies. Some people call the U.S. government a "warfare/welfare" state. I prefer to call it a state dominated by the giant corporations which control the economic and hence the political life of our nation. As long as federal policy continues to stress profits before people, …

Social Welfare As A By-Product: The Effect Of Neo-Mercantilism , David Macarov

The Journal of Sociology & Social Welfare

During the eighteenth and nineteenth centuries mercantilism was a predominant philosophy, theory, or guide to action in many western countries. Emphasis on measures leading to national wealth was pronounced--in some cases, almost exclusive--and the results for social welfare were marginal programs at best, and anti-welfare programs in some cases. In contradistinction to individual needs or aspirations, considerations of national wealth and power were paramount to the point that, in Britain at least, it seemed that here was "nothing to fight for, nothing to support, nothing to augment but.. .commerce." Whether national wealth was seen as leading to national iower, or …

The Economic Impact Of Changes In Mineral Production In The State Of New Mexico: 1975-2000, University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

This report examines the macro-level economic impact of expected changes in New Mexico's energy-mineral sectors, forecasting shifts in total gross output, employment, and state tax revenues from 1975 to 2000. Developed using a customized 50-sector input-output model, the study models the systemic, multi-industry economic contractions linked to projected oil and gas production declines, while detailing the corresponding growth offsets driven by expanding uranium mining, coal extraction, and proposed coal gasification projects.

The Costs Of Government Regulation, Murray L. Weidenbaum

Murray Weidenbaum Publications

Overregulation of business causes extra costs to the consumer. For the public good, government needs to find sensible and moderate means of regulation in order for business to fulfill its basic economic function.

Income Distribution In The Process Of Economic Growth Of The Republic Of China, Yuan-Li Wu

Maryland Series in Contemporary Asian Studies

No abstract provided.

Recreation-Based Lodging Business In A Minnesota Resort Area, Gary C. Meyer

Journal of the Minnesota Academy of Science

Personal interviews with owners or managers of privately-owned outdoor recreation-based lodging enterprises in Hubbard County, Minnesota, were used to analyze this industry. Most enterprises are small, operated on a seasonal and part-time basis, and owned by individuals or families who formerly resided in other areas. It is suggested that non-economic goals are commonly the most important contributors to the decision to enter this segment of the lodging industry.

Is Classical Doctrine Relevant To Contemporary Economic Problems, S. M. Kahng, Shelley Kari

Journal of the Minnesota Academy of Science

Classical theory, especially as propounded by Adam Smith 200 years ago, is examined for applicability to contemporary economic problems. The broad scope of classical concepts is suggested as a means of adding relevance to more restricted modern approaches.

Indiana State University Financial Report 1977, Indiana State University

Financial Reports

No abstract provided.

Ua68/2 Intercambio Internacional, Vol. Ii, No. 1, Wku Latin American Studies

WKU Administration Documents

Newsletter created by WKU Latin American Studies committee regarding science, politics and economic advances in Latin America as well as cooperative projects between WKU and universities across Latin America. The newsletter is written in both English and Spanish.

Do Foreign Companies Pay Higher Wages Than Their Local Counterparts In Malaysian Manufacturing?, David Lim

Support & Other Units (THEi)

This paper shows that foreign companies pay higher wages than their local counterparts in Malaysian manufacturing. Step-wise regression analysis shows that this is due to two factors. The first, and perhaps the more important, is the greater capital intensity of the production processes used by foreign companies. The second is their tendency to pay wages that they consider, or that are considered to be, commensurate with the wages that they pay in their home countries. This may be called the demonstration effect of wage remuneration in less developed countries.

Actual, Desired And Full Levels Of Capital Utilisation In Malaysian Manufacturing, David Lim

Support & Other Units (THEi)

This paper shows that capital utilisation in West Malaysian manufacturing, though higher than that in other less developed countries, still leaves capital plant idle for a considerable proportion of the total available time. These findings, based on a modified McGraw‐Hill measure and on the Winston time‐measure of capital utilisation, therefore calls into question the wisdom of an industrial investment incentive programme which aims primarily at maximising the volume of capital expenditure, and which pays no attention at all to the level of utilisation of the existing stock of capital.

The Multi-Output Translog Production Cost Function: The Case Of Law Enforcement Agencies, John Heineke, M. N. Darrough

Economics

In this paper we study the relationship between costs, input prices and activity levels in a sample of approximately thirty medium sized city police departments for the years 1968, 69, 71 and 73. Our interest lies in determining the functional structure of law enforcement production technology.

Industrial Resources: Boyle County - Danville, Kentucky Library Research Collections

Boyle County

"Industrial Resources: Danville, Kentucky" prepared by the Kentucky Department of Commerce, Division of Research and Planning, and the Danville - Boyle County Chamber of Commerce, 1977. The report includes, but is not limited to, information about: population, labor market, local manufacturing, transportation, utilities, fuel, water, sewage, industrial sites, local government and services, taxes, educational and health facilities, housing, communication, recreation, natural resources, markets, and climate.

Free Enterprise: Let's Reinvent The Wheel, Don P. Diffine Ph.D.

Belden Center Books

The primary purpose of this report is to share with interested individuals and organizations the back-to-the basics steps being taken by the Center for Private Enterprise Education to develop and implement an Economic Enlightenment Program. The reader of this report will be reading about projects that this student faculty Economics Team has accomplished over the period of October 1976 through March 1977.

Free Enterprise: Let's Keep It In Business, Don P. Diffine Ph.D.

Belden Center Books

The 1977 edition of Free Enterprise contains an appendix of projects compiled by the Center for Private Enterprise Education.

Native Plants : Water Savers In The Garden, K S. Cole

Journal of the Department of Agriculture, Western Australia, Series 4

The climate of Western Australia may be one of the best in the world for people but it is a difficult one for many of our imported, and common garden plants. as a consequence, some 70 per cent of our summer water usage is for gardens and lawns.

This is not the sort of statistic that we should accept easily or happily.

There is a solution to this problem: a new approach to home gardening is required.

The new garden is based on W. A.'s own colourful native plants, which are adapted to mild winters, hot dey summers and poor …