Authors, publishers, and public goods: Trading gold for dross

Duruy Victor. 83. 10 juillet 1868, Règlement d'organisation pédagogique pour les écoles publiques de la Seine (extraits). In: L'enseignement de l'histoire à l'école primaire de la Révolution à nos jours, textes officiels, Tome I : 1793-1914. Paris : Institut national de recherche pédagogique, 2007. pp. 214-215. (Bibliothèque de l'Histoire de l'Education, 22

Observable Reputation Trading

Is the reputation of a firm tradable when the change in ownership is observable? We consider a competitive market in which a share of owners must retire in each period. New owners bid for the firms that are for sale. Customers learn the owner’s type, which reflects the quality of the good or service provided, through experience. After observing an ownership change they may want to switch firm. However, in equilibrium, good new owners buy from good old owners and retain high-value customers. Hence reputation is a tradable intangible asset, although ownership change is observable

An Architecture for Information Commerce Systems

The increasing use of the Internet in business and commerce has created a number of new business opportunities and the need for supporting models and platforms. One of these opportunities is information commerce (i-commerce), a special case of ecommerce focused on the purchase and sale of information as a commodity. In this paper we present an architecture for i-commerce systems using OPELIX (Open Personalized Electronic Information Commerce System) [11] as an example. OPELIX provides an open information commerce platform that enables enterprises to produce, sell, deliver, and manage information products and related services over the Internet. We focus on the notion of information marketplace, a virtual location that enables i-commerce, describe the business and domain model for an information marketplace, and discuss the role of intermediaries in this environment. The domain model is used as the basis for the software architecture of the OPELIX system. We discuss the characteristics of the OPELIX architecture and compare our approach to related work in the field

The elaboration and implementation of a strategic management model on the Romanian market

A brilliant business idea does not have the strength to sustain on a long term the development of a small company. This paper offers a model of strategic management which, if adapted, can serve as a guideline for the proper development of a small sized trading company on the business to business Romanian market. The key elements which can lead companies to growth and constant competitive advantage are encompassed by strategic management. Difficulties, changes in the business environment and even the lack of resources can be overcome with the aid of strategic planning. A strategy map, constantly reviewed, constitutes the premises for a healthy life for any organization.Business to business market, Change management, Strategic management, Sustainable competitive advantage, Trade.

Incomplete Contingent Labor Contract, Asymmetric Residual Rights and Authority, and the Theory of the Firm

In the paper the trade-offs among endogenous transaction costs caused by two-sided moral hazard, exogenous monitoring cost, and economies of specialization are specified in a Grossman, Hart and Moore (GHM) model to absorb Maskin and Tirole’s recent critique and Holmstrom and Milgrom’s criticism of the model of incomplete contract. The extended GHM model allowing incomplete contingent labor contract as well complete contingent contract of goods trade is used to explore the implications of structure of ownership and residual rights for the equilibrium network size of division of labor and productivity.theory of the firm, incomplete labor contract, asymmetric authority, two-sided moral hazard, transaction cost, asymmetric residual rights, division of labor, specialization

The Economics of Infrastructure Investment: Beyond Simple Cost Benefit Analysis

This non-technical ‘think-piece’ examines aspects of infrastructure project evaluation, concentrating on circumstances that may render a standard cost benefit analysis (CBA) inappropriate. It is designed to make infrastructure investors and planners think deeply about their assumptions and to broaden the range of issues that are taken into account. Issues considered include: the role of CBA; network effects (increasing returns to scale) and the endogeneity of resources within an economy; the valuation of productive versus consumptive benefits; the value of traded versus non-traded sector production; the role and choice of the discount rate; and the importance of considering option values when making infrastructure investment and disinvestment decisions.Infrastructure, Cost Benefit Analysis, Evaluation

The role of developing country multinationals in the acquisition of industrial technology in Nigeria : a pilot study

The growing presence of multinationals from developing countries (DC MNE''s) has drawn some criticism regarding their ability to transfer technology. This paper seeks to examine whether, in the case of Nigeria, such MNE''s utilise similar technology to that of Nigerian firms, and the implications for government policy on achieving technology transfer. Although tentative, the findings suggest that DC MNE''s in Nigeria do not tend to acquire technology primarily from their home country, and suggests that although tangible technology that is transferred is similar to that directly acquired by domestic firms, there is nonetheless a difference in the nature in the intangible technology between the two groups.economic development an growth ;