Showing papers by "Stockholm School of Economics published in 1977"
TL;DR: In this paper, a model of the internationalization process of a firm focusing on the gradual acquisition, integration and use of knowledge about foreign markets and operations, and on the incrementally increasing commitments to foreign markets is developed.
Abstract: On the basis of empirical research, a model of the internationalization process of the firm is developed. The model focuses on the gradual acquisition, integration and use of knowledge about foreign markets and operations, and on the incrementally increasing commitments to foreign markets. In particular, attention is concentrated on the increasing involvement in the individual foreign country.
9,918 citations
TL;DR: In this article, a general equilibrium model is constructed in which environmental quality differences are capitalized into land rents, and the main conclusion is that the study of property values cannot give viable estimates of the marginal willingness to pay for environmental quality.
66 citations
01 Jan 1977
TL;DR: Can the outcome of bargaining between two rational parties be determined? Although much of the discussion in bargaining literature revolves around this question, no satisfactory answer has been found as mentioned in this paper and all theories presented so far either do not lead to a determinate solution for any situation of interest or involve some kind of erroneous expectations as regards the opponent's behavior.
Abstract: Can the outcome of bargaining between two rational parties be determined? Although much of the discussion in bargaining literature revolves around this question, no satisfactory answer has been found. As pointed out by e. g. Coddington (1973) all theories presented so far either do not lead to a determinate solution for any situation of interest or involve some kind of erroneous expectations as regards the opponent’s behavior.
32 citations
01 Jan 1977
TL;DR: A good characterization of the major theories is given by Kaldor [5] and a picture of the present state of the art is obtained from Marchai, Ducros [60] and Bronfenbrenner [20] as discussed by the authors.
Abstract: The distribution of income in the long run between the major factors of production, capital and labor is one of the major themes in economic theory. A good characterization of the major theories is given by Kaldor [5] and a picture of the present state of the art is obtained from Marchai, Ducros [60] and Bronfenbrenner [20]. At present there are two major lines of thought, namely marginal productivity theory and savings-investment theory.
4 citations
01 Jan 1977
TL;DR: A review of micro and macro, economic theories of growth can be found in this paper, where a brief introduction to the formal analysis is given, as well as a brief review of the literature.
Abstract: Great efforts have been made during the late decades to develop micro and macro, economic theories of growth. We shall review some of them here as a brief introduction to the formal analysis.
1 citations
1 citations
01 Jan 1977
TL;DR: The literature on the size distribution of income is very large as discussed by the authors, and it has long been recognized that the distribution of incomes look basically the same in different countries and in the same country over time.
Abstract: The literature on the size distribution of income is very large. It has long been recognized that the distribution of income looks basically the same in different countries and in the same country over time. This fact has naturally stimulated the efforts to find an explanation for its form.
1 citations