7,352 research outputs found
A Theory of Profit and Competition
No full textStarting from the observation that surplus-value is almost always due to the collective undertaking of non-additively separable human capital investments, this paper proposes a theory of the institutional structure of production in the Coasean definition of firms and markets. Rather than being based on the extension of the logic of exchange to property rights, however, the paper attempts to combine institutional and evolutionary elements in light of the classic issues of value and distribution. The main result, in effect, is that monopoly profit is not the only meaningful notion of profit besides the value of individual contribution, and consequently that free entry and competition do not wipe it out. The reason is that in this context, the incumbent’s profit does not arise from some form of scarcity but from the collective nature of the production process. Therefore, the entrant has no incentives to undercut because he can earn the same profit by doing exactly the same thing. Naturally, this fairly favourable condition should not be taken for granted since, when non additive separability is combined with wealth effects, this kind of profit may give rise to structurally inefficient conflicts over the terms of both its production and distribution. In particular, this is shown to happen when the type of investments is such that the individual participation constraint ensuring that investments are made is satisfied at minimum cost when expressed in terms of the amount workers can earn from independent participation in the production process (rather than in terms of the value of the product). In this case, it turns out that profit will be appropriated by entrepreneurs (rather than shared), property rights will be concentrated (rather than distributed), and the subsequent development of the techno-economic paradigm of which the investments are meant to form a stylized representation is inhibited (rather than favoured)
Micro-founded institutions and macro-founded Individuals: The dual nature of profit
No full textStarting from the observation that surplus-value is almost always due to the collective undertaking of non additively separable human capital investments, this paper introduces a theory of the institutional structure of production where groups are taken as units of analysis in a multi-level competition framework that conceptualizes a mutually-determining co-evolution between individuals and institutions. The main result is that monopoly profit is not the only meaningful notion of profit besides the value of individual contribution, and consequently that free-entry and competition do not necessarily wipe it out. The intuition behind the ‘purest’ case where the incumbent’s profit does not arise from his uniqueness but only from the production process, is that the entrant has no incentives to undercut because he can earn the same profit by doing exactly the same thing
Competizione tra organizzazioni, specificità degli investimenti ed efficienza degli assetti istituzionali, ECONOMIA POLITICA, 3, 2001, pp.333-350.
No full textFrom asymmetri information to social knowledge: A game-theoretic example of strategic vs Bayesian beliefs' updating
No full textLos trabajadores en la nueva época capitalista : Entre el ser y el saber
No full textTabla de contenidos: Ser estable: ¿una necesidad en las construcciones identitarias? / Osvaldo Battistini. Identificaciones colectivas en el mundo del trabajo informal / Mariana Busso. "Salir con la carreta": experiencias alrededor de las prácticas de recolección / Débora Gorbán. El trabajo precario en el Estado. El caso argentino en los años noventa / Nicolás Diana Menéndez, Pablo Míguez. La coproducción investigativa, método crítico y alternativo / Alberto L. Bialakowsky, María Ignacia Costa, M. Mercedes Patrouilleau, Rocío S. Martínez Schnaider. Coproducir conocimiento: Prácticas institucionales en el continuum de exclusión-extinción social en Núcleos Urbanos Segregados / Alberto L. Bialakowsky, Cristina Reynals, Mónica Zagami, Roxana Crudi. Familias: Modulaciones y gubernamentalidad en el continuum de exclusión-extinción social / Alberto L. Bialakowsky, Roxana Crudi, Cristina Reynals, Mónica Zagami
Primates’ fertilization systems and the evolution of the human brain
No full textGender relations, Sexual selection, Emotional and rational intelligence, A120, B520, J160, P500,
Group Relations in Industrial Districts
No full textThis paper introduces a notion of intermediate degree of specificity in order to explain the combination between market and non-market coordination mechanisms typically associated with the local industrial systems’ governance structure. More specifically, it is shown that, when investments are in principle imitable, a group of investors may find it profitable to reduce the hold-up risk by making investments that are not specific to their particular relationships with their individual counterparts (taken one by one), but are specific to the set of their relationships with their counterparts (taken as a group). Then, the corresponding grouping form of economic organization is presented as way to reduce the organizational cost of specificity without depressing the ex ante incentives to invest.
An independent result of the analysis consists of clarifying to what extent asset specificity can be tought of as creating value
AB. Fotografie immaginarie
No full textRicordo personale di Andrea Battistini - con particolare attenzione alla sua etica di docente e studioso - all'interno di un volume che ha come obiettivo quello indicato nella premessa dei curatori: "Questo è un libro di amici per un amico, è un libro di allievi per un Maestro, è un libro per ricordare Andrea Battistini. È un libro semplice, sobrio ed affabile come sarebbe piaciuto ad Andrea: gli amici e gli allievi, di varie generazioni, fanno parte soprattutto del Dipartimento di Filologia classica e Italianistica dell’Università di Bologna, ma anche di altri Dipartimenti bolognesi e di Licei della nostra città"
A Note on the Difference between Human and Non-Human Production Factors: Commentson War, Love and Culture
No full textIn this article, Professor Pagano views human relations as generally '(...) influenced by the prevailing features of the goods (private, public and positional) that have characterized production in different stages of the history.' In my comment, I focus on the distinction between human and non-human productive factors. Because of their obvious relationship, some of the considerations that follow from such a distinction are already-explicitly or otherwise-in the target article's argument; those that are not, especially with regard to the cultural determinant of value, could be easily integrated into it. © 2012 Springer Science+Business Media, LLC
[Poesia] Três poemas de Alberto Secama
No full textThree poems by Alberto Secama. About the author: Alberto Secama is an Angolan poet who has poems published on many websites and on facebook:https://www.facebook.com/Xungurra/abouthttp://www.pordentrodaafrica.com/cultura/africa-em-verso-rio-kwanza-por-alberto-secamahttp://www.pordentrodaafrica.com/cultura/africa-em-verso-zong-por-alberto-secamahttp://www.pordentrodaafrica.com/cultura/coluna-africa-em-verso-o-sol-la-fora-por-alberto-secamaTres poemas de Alberto Secama. Sobre el autor: Alberto Secama es un poeta angoleño que tiene poemas publicados en varios sitios y en el facebook:https://www.facebook.com/Xungurra/abouthttp://www.pordentrodaafrica.com/cultura/africa-em-verso-rio-kwanza-por-alberto-secamahttp://www.pordentrodaafrica.com/cultura/africa-em-verso-zong-por-alberto-secamahttp://www.pordentrodaafrica.com/cultura/coluna-africa-em-verso-o-sol-la-fora-por-alberto-secamaTrês poemas de Alberto Secama. Sobre o autor: Alberto Secama é um poeta angolano que possui poemas publicados em vários sites e no facebook:https://www.facebook.com/Xungurra/abouthttp://www.pordentrodaafrica.com/cultura/africa-em-verso-rio-kwanza-por-alberto-secamahttp://www.pordentrodaafrica.com/cultura/africa-em-verso-zong-por-alberto-secamahttp://www.pordentrodaafrica.com/cultura/coluna-africa-em-verso-o-sol-la-fora-por-alberto-secam
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