1 - 10 of 12 articles
Abstract. Price leadership firms and especially wage leadership unions frequently are not operating at points of maximization in the neoclassical sense, because contrived high level demand has brought low price consciousness or elasticity of demand for their commodities or services. Accordingly,...
Abstract. In the aggregate, within industries and within non‐socialist countries, the market presence of State‐owned businesses is large and growing. Such concerns accounted for 15 percent of world trade in 1979 and they produced 70 percent of world oil production, 40 percent of world iron and...
Abstract. Consumer cooperative reformers, alone among American cooperatiors, define cooperation in terms of the Rochdale Principles. However, to define a cooperative as an organization characterized by owner‐user identity is more useful. Cooperation eliminates profit motivation, not profit...
Abstract. Combining the work of Peter Blau and Jerald Hage regarding organizational characteristics and efficiency, a correlational model was constructed consisting of testable propositions relating organizational size, complexity, stratification, formalization, centralization, and two measures...
Abstract. Scarcity lies at the heart of economic science. Scarcity and abundance are dialectical terms Rowing into each other by imperceptible degrees. They are always relative. While absolute abundance in terms of both internal and external factors is an unattainable dream, life would be...
Abstract. The operation of a state monopoly on retail sales of alcoholic beverages is often viewed as an outdated relic of Prohibition. However, the control states have a significantly lower consumption rate per capita and the price level is lower than in open or competitive states. The...
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