ISSN:0143-6570    

DOI:10.1002/mde.4090060202

出版商:John Wiley&Sons, Ltd.    

年代:1985

数据来源: WILEY

摘要:

AbstractThe economic theory of cost functions is employed to derive geographic cost differentials for construction projects located across the United States. Assuming a Cobb‐Douglas production technology, cost function estimates are obtained and used to calculate the regional cost differentials for major US cities relative to Washington, DC. Explanations are provided for adjusting these regional cost differentials according to additional information available on input prices or expected future inflation rates specific to particular location

ISSN:0143-6570    

DOI:10.1002/mde.4090060203

出版商:John Wiley&Sons, Ltd.    

年代:1985

数据来源: WILEY

摘要:

AbstractThe difference between adjusted present value and cost‐of‐capital discounting procedures for evaluating corporate real‐asset investment projects is re‐examined. The two approaches are shown to contain different implicit assumptions about the distribution of project cash flows to security‐holders. The consequences thereof for the proper valuation of individual projects in the context of a multiproject investment plan are c

ISSN:0143-6570    

DOI:10.1002/mde.4090060204

出版商:John Wiley&Sons, Ltd.    

年代:1985

数据来源: WILEY

摘要:

AbstractThis paper compares the structure and productivity of Japanese and American firms. We construct a simple model of labor shares in which the ratio of labor payments to sales is the product of labor's share in take added and the degree of integration. According to Japanese and United States census data, labor shares in value added are fairly similar for Japanese and American firms, whereas the average degree of integration, and therefore the average ratio of payroll to sales of Japanese firms, is distinctly lower than that of their American counterparts, particularly in the machinery and equipment industries.From survey data on Japanese firms in California, we observed payroll‐sales ratios that generally lie between values reported for Japan and the United Slates for the machinery and equipment industries. Assuming that Japanese firms in California employ the same technology as their US counterparts, we conclude that the average degree of integration of Japanese firms in California is at least 10% lower. As a result, even though the gross labor productivity of typical Japanese firms in the United States generally, and California in particular, is slightly higher, the former may well be less productive than the latter in terms of net lalmr productivity, measured by value added.While further corroboration is needed, it appears that differences in the extent of integration are an important factor that accounts for reported productivity difference between the two countrie

ISSN:0143-6570    

DOI:10.1002/mde.4090060205

出版商:John Wiley&Sons, Ltd.    

年代:1985

数据来源: WILEY

摘要:

AbstractThis paper examines the impact of competition on product market shares in the UK pharmaceutical industry. The topic is of particular interest since, although it is well known that such products are already subject to competition by innovation and by price (Cooper, 1966, Ch. 3; Reekie, 1978), the possible introduction in the UK of generic substitution (Greenfield, 1982, p. 24), could further increase competitive pressures. Our aim is to apply Markov probabilistic analysis to existing market data. This will enable us (after Adelman, 1958) to analyse the structure which the industry will ‘eventually reach if certain current trends were to continue’ (Adelman, p. 893). In particular, we apply the technique to sub‐samples of the data, to infer how the competitive process influences the industry's configuration when generic competition is present. The outcome can be used as a conservative indicator of the impact on the industry if generic substitution was to be adopted in the National Health Service (NHS).The plan of the paper is as follows. In the first section a brief resumt of the debate which has surrounded generic substitution proposals is presented. The second section details the data and sample used in our empirical work. The third section applies Markov chain analysis to that data and reports our results. The final section summarizes our conclusions and discusses some of the problems and limitations of our re

ISSN:0143-6570    

DOI:10.1002/mde.4090060206

出版商:John Wiley&Sons, Ltd.    

年代:1985

数据来源: WILEY

摘要:

AbstractThis paper demons!rules that product differentials exert an important influence on the demand for industrial inputs. It presents a utiliu‐maximizing model of industrial buying which integrates the empirical findings of marketing scholars with orthodox economic theory. The model receives statistical support in the form of partial correlations of industrial sourcing determinants and a factor‐analytical extraction of hypothetical constructs corresponding to features which in the model influence sourcing decisi

ISSN:0143-6570    

DOI:10.1002/mde.4090060207

出版商:John Wiley&Sons, Ltd.    

年代:1985

数据来源: WILEY

摘要:

AbstractA programmed equity‐redemption approach to finance and analysis is discussed in the context of the financial feasibility of a capital‐intensive project. The approach was developed in relation In a large hydroelectric power‐development decision; il is illustrated here using domestic wail‐insulation as an example. It separates the roles of conventional debt‐providers, programmed redemption equity‐providers, conventional equity‐providers and consumers. Equity with a programmed redemption pattern provides a bridge between conventional debt and equity. Even if il is not used as a means of finance, it provides a new perspective on investment analysis, by separating safe normal profits and uncertain supra‐normal profits in a conceptually convenient framework. In the latter context it complements a parametric discounting treatment of economic desirability analysis discussed in a

ISSN:0143-6570    

DOI:10.1002/mde.4090060208

出版商:John Wiley&Sons, Ltd.    

年代:1985

数据来源: WILEY

摘要:

AbstractThis paper explores, both theoretically and empirically, the extent to which having ‘other potential entrants’ to a market injected into potential‐competition cases has been a worthwhile enterprise. This two‐pronged attack leads to the conclusion that (he attempt to specifically identify potential entrants probably results in our deluding ourselves as to the likelihood that entry will occur, and that unless a convincing argument can be made to the effect that any given potential entrant from a stockpile of unnamed potential entrants is ‘reasonably likely’ to elect the entry option, expanding lhat stockpile will be similarly

ISSN:0143-6570    

DOI:10.1002/mde.4090060209

出版商:John Wiley&Sons, Ltd.    

年代:1985

数据来源: WILEY

ISSN:0143-6570    

DOI:10.1002/mde.4090060210

出版商:John Wiley&Sons, Ltd.    

年代:1985

数据来源: WILEY

ISSN:0143-6570    

DOI:10.1002/mde.4090060211

出版商:John Wiley&Sons, Ltd.    

年代:1985

数据来源: WILEY