The organisation of capabilities

Article Abstract:

The cost of producing a good or service relies on the abilities of the individual who produce it and the costs of a certain transaction mode will also depend on the person who are utilizing that mode. These abilities are endogenous and should be studied according to change: response to change, preparation for change, and the generation of change. They are due to specialization and required to be coordinated in methods which do not restrain their constant development.

Organizational Methods NEC, Research, Organizational change

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Learning to play Cournot duopoly strategies

Article Abstract:

The theoretical stability characteristics of a Nash equilibrium can be a useful strategy for refinement, since it is expected that players will eventually prefer stable interior equilibria over stable boundary equilibria and unstable interior equilibria. Furthermore, no evidence indicating which dynamic models are sensible characteristics of empirical out-of-equilibrium property exists, although the stable equilibria are the ones that were actually used.

Management, Duopolies

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Production in advance versus production to order

Article Abstract:

A theoretical framework is used to compare production-in-advance type and production-to-order type environments. An analysis in the framework of symmetric capacity-constrained Bertrand-Edgeworth duopoly game proved that the equilibrium profits are the same in the case of production in advance and production to order.

United States, Equilibrium (Economics)

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