The Experts below are selected from a list of 267 Experts worldwide ranked by ideXlab platform
Haiwen Zhou - One of the best experts on this subject based on the ideXlab platform.
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Resource Abundance, Market Size, and the Choice of Technology
2019Co-Authors: Haiwen ZhouAbstract:How resource abundance and market size affect the Choice of increasing returns technologies is studied in an overlapping-generations general equilibrium model in which manufacturing firms engage in oligopolistic competition. The model is surprisingly tractable. First, for the steady state, the wage rate, the level of Technology, and capital stock are not affected by the amount of natural resources. An increase in the share of agricultural revenue going to natural resources leads to a lower wage rate and firms choose less advanced technologies. Second, an increase in market size increases the equilibrium wage rate, level of Technology, and capital stock. Finally, other things equal, a country with a lower endowment of natural resources or a higher market size has a comparative advantage in producing the manufactured good.
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The Choice of Technology and Equilibrium Wage Rigidity
2018Co-Authors: Haiwen ZhouAbstract:In this general equilibrium model, firms engage in oligopolistic competition and choose increasing returns technologies to maximize profits. Capital and labor are the two factors of production. The existence of efficiency wages leads to unemployment. The model can explain some interesting observations of the labor market. First, even though there is neither long-term labor contract nor costs of wage adjustment, wage rigidity is an equilibrium phenomenon: an increase in the exogenous job separation rate, the size of the population, the cost of exerting effort, and the probability that shirking is detected will not change the equilibrium wage rate. Second, the equilibrium wage rate increases with the level of capital stock. Third, a higher level of capital stock does not necessarily reduce the unemployment rate. That is, there is no monotonic relationship between capital accumulation and the unemployment rate.
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Coordination Costs, Market Size, and the Choice of Technology
2017Co-Authors: Haiwen ZhouAbstract:Impact of coordination costs and market size on a firm’s Choice of Technology is studied in a general equilibrium model in which firms engage in oligopolistic competition. A firm establishes an organizational hierarchy to coordinate its production. First, it is shown that an increase in market size leads a firm to choose a more specialized Technology. Second, surprisingly, a robust result is that an increase in the level of coordination efficiency leads a firm to choose a less specialized Technology.
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Financial Development, the Choice of Technology, and Comparative Advantage
2017Co-Authors: Binglin Gong, Haiwen ZhouAbstract:In this general equilibrium model, banks and manufacturing firms engage in oligopolistic competition. A more advanced manufacturing Technology has a higher fixed cost but a lower marginal cost of production. We show that manufacturing firms located in a country with a more efficient financial sector choose more advanced technologies and this country has a comparative advantage in the production of manufactured goods. Even though the foreign country has a less developed financial sector than the home country, the opening up of trade with the foreign country leads domestic manufacturing firms to adopt more advanced technologies. An increase in the level of efficiency in the financial sector of one country causes manufacturing firms in both countries to adopt more advanced technologies.
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A Dynamic Model of the Choice of Technology in Economic Development
2017Co-Authors: Haiwen Zhou, Ruhai ZhouAbstract:Abstract In this overlapping-generations model, there is unemployment in the manufacturing sector. Manufacturing firms engage in oligopolistic competition and choose technologies to maximize profits. With capital as fixed costs of production, increasing returns in the manufacturing sector exist. In the unique steady state, first, when individuals become more patient, the saving rate increases while the level of income of an individual decreases. Second, an increase in population or percentage of income spent on the manufactured good does not change steady-state Technology while decreases the level of income of an individual. Third, an increase in the wage rate leads a manufacturing firm to choose a more advanced Technology and the steady-state capital stock increases. Finally, an increase in the level of subsidy to Technology adoption does not change steady-state Technology.
Kai A Konrad - One of the best experts on this subject based on the ideXlab platform.
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global environmental problems and the strategic Choice of Technology
Journal of Economics, 1994Co-Authors: Wolfgang Buchholz, Kai A KonradAbstract:Reductions of environmentally harmful emissions are often a public good in a global context. For strategic reasons, countries may adopt a Technology with high per unit cost of emission reduction, even if a Technology with lower per unit cost is available at no extra cost. They thereby credibly commit themselves to not reducing emission much in the future. In a game of private voluntary provision of emission reduction, this commitment will make other countries increase their emission reductions. Also, in the case where countries cooperate in the future, such commitment gives a country a strategic advantage, because it shifts the disagreement point in a favorable direction.
Nikola Rzanikoski - One of the best experts on this subject based on the ideXlab platform.
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techno economical analyses of the methods for producing of dimension stone blocks
2013Co-Authors: Risto Dambov, Goran Stojkoski, Dimitar Hristov, Nikola RzanikoskiAbstract:The Modern way of exploitation of dimension stone is offering possibilities, technologies and methods for economical and high effective production of the final product into quarry with surface exploitations. It is very important during projecting of mine for exploitation of dimension stone to determine parameters of machines and technologies which may be used for final definition which Technology is going to be used. Until now known methods for exploitation of dimension stone are offering many varieties for making Choice of Technology and machines which can be used for exploitation of dimension stone. Technical characteristics of the chosen machines given by the manufacturers, but also and experience data from using those machines in other mines are offering possibilities during determining of Technology and machines for exploitation of dimension stone. During the process of deciding which Technology is going to be used, there is appropriate usage of multi criteria methods for optimization. KEYWORDS: Dimension stones, exploitation, methods, production, drilling machine
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Techno – economical analyses of the methods for producing of dimension stone blocks
2013Co-Authors: Risto Dambov, Goran Stojkoski, Dimitar Hristov, Nikola RzanikoskiAbstract:The Modern way of exploitation of dimension stone is offering possibilities, technologies and methods for economical and high effective production of the final product into quarry with surface exploitations. It is very important during projecting of mine for exploitation of dimension stone to determine parameters of machines and technologies which may be used for final definition which Technology is going to be used. Until now known methods for exploitation of dimension stone are offering many varieties for making Choice of Technology and machines which can be used for exploitation of dimension stone. Technical characteristics of the chosen machines given by the manufacturers, but also and experience data from using those machines in other mines are offering possibilities during determining of Technology and machines for exploitation of dimension stone. During the process of deciding which Technology is going to be used, there is appropriate usage of multi criteria methods for optimization. KEYWORDS: Dimension stones, exploitation, methods, production, drilling machine
Stephen H Levine - One of the best experts on this subject based on the ideXlab platform.
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sectors may use multiple technologies simultaneously the rectangular Choice of Technology model with binding factor constraints
Economic Systems Research, 2011Co-Authors: Faye Duchin, Stephen H LevineAbstract:We develop the rectangular Choice-of-Technology model with factor constraints, or RCOT, a linear programming input--output model for analysis of the economy of a single region. It allows for one or more sectors to operate more than one Technology simultaneously, with the relatively lowest-cost one supplemented by others if it encounters a binding factor constraint. The RCOT model solves for sector outputs, goods prices that are set by the highest-cost technologies in use, and scarcity rents that correspond to binding factor constraints experienced by the lower-cost technologies. The model is motivated by the fact that mineral deposits of different qualities may be exploited simultaneously, as may primary and recycled sources for the same materials or irrigated and rain-fed techniques for producing the same crop. RCOT generalizes Carter's square Choice-of-Technology model, in particular adding the factor constraints that allow several alternatives to operate simultaneously. The Appendix gives a numerical example.
Wolfgang Buchholz - One of the best experts on this subject based on the ideXlab platform.
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global environmental problems and the strategic Choice of Technology
Journal of Economics, 1994Co-Authors: Wolfgang Buchholz, Kai A KonradAbstract:Reductions of environmentally harmful emissions are often a public good in a global context. For strategic reasons, countries may adopt a Technology with high per unit cost of emission reduction, even if a Technology with lower per unit cost is available at no extra cost. They thereby credibly commit themselves to not reducing emission much in the future. In a game of private voluntary provision of emission reduction, this commitment will make other countries increase their emission reductions. Also, in the case where countries cooperate in the future, such commitment gives a country a strategic advantage, because it shifts the disagreement point in a favorable direction.