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Spiro E. Stefanou
Spiro E. Stefanou has made significant contributions in dynamic production analysis, the economics of productivity and innovation, the economics of adjustment, and economic policy issues. Among his accomplishments are dynamic generalizations of concepts in modern production theory such as scale and scope economies, efficiency, productivity growth, and learning-by-doing. Focusing on how economic dynamics arise from the accumulation and use of knowledge itself, he demonstrates how knowledge interacts with and substitutes for physical inputs in promoting an agent's objectives. In so doing, he has deepened our understanding of the value of information in its broadest sense. His hallmark as a sch...
Economic Growth and Change in Bourbon Mexico
"An important work of synthesis in which the author's own extensive research is brought to bear on an immensely complex and difficult subject. It shows an extraordinary command of its subject matter and makes excellent use of a vast body of quantitative data . . . on the performance of the 18th-century economy; it should be read by every serious student of Mexican and Latin American economic history."--John H. Coatsworth, University of Chicago Although the 18th century in Mexico has been described as the "golden age," the century must have seemed far from gilded to many of its inhabitants. For years scholars have attempted to resolve the conjunction of economic growth and relatively enlighte...
Economic Growth and Change in Bourbon Mexico
"An important work of synthesis in which the author's own extensive research is brought to bear on an immensely complex and difficult subject. It shows an extraordinary command of its subject matter and makes excellent use of a vast body of quantitative data . . . on the performance of the 18th-century economy; it should be read by every serious student of Mexican and Latin American economic history."--John H. Coatsworth, University of Chicago Although the 18th century in Mexico has been described as the "golden age," the century must have seemed far from gilded to many of its inhabitants. For years scholars have attempted to resolve the conjunction of economic growth and relatively enlighte...
Dynamic Efficiency and Productivity Measurement
A systematic treatment of dynamic decision making and performance measurement Modern business environments are dynamic. Yet, the models used to make decisions and quantify success within them are stuck in the past. In a world where demands, resources, and technology are interconnected and evolving, measures of efficiency need to reflect that environment. In Dynamic Efficiency and Productivity Measurement, Elvira Silva, Spiro E. Stefanou, and Alfons Oude Lansink look at the business process from a dynamic perspective. Their systematic study covers dynamic production environments where current production decisions impact future production possibilities. By considering practical factors like ad...
Dynamic Efficiency and Productivity Measurement
"The book takes on a systematic treatment of dynamic decision making and performance measurement. The analytical foundations of the dynamic production technology are introduced and developed in detail for several primal representations of the technology with an emphasis on dynamic directional distance functions. Dynamic cost minimization and dynamic profit maximization are developed for primal and dual representations of the dynamic technology. A dynamic production environment can be characterized as one where current production decisions impact future production possibilities. Consequently, the dynamic perspective of production relationships necessarily involves the close interplay between ...
Advanced Mathematical Methods for Economic Efficiency Analysis
Economic efficiency analysis has received considerable worldwide attention in the last few decades, with Stochastic Frontier Analysis (SFA) and Data Envelopment Analysis (DEA) establishing themselves as the two dominant approaches in the literature. This book, by combining cutting-edge theoretical research on DEA and SFA with attractive real-world applications, offers a valuable asset for professors, students, researchers, and professionals working in all branches of economic efficiency analysis, as well as those concerned with the corresponding economic policies. The book is divided into three parts, the first of which is devoted to basic concepts, making the content self-contained. The sec...
Handbook of Production Economics
This three-volume handbook includes state-of-the-art surveys in different areas of neoclassical production economics. Volumes 1 and 2 cover theoretical and methodological issues only. Volume 3 includes surveys of empirical applications in different areas like manufacturing, agriculture, banking, energy and environment, and so forth.
