Topic
Managerial economics
About: Managerial economics is a research topic. Over the lifetime, 1524 publications have been published within this topic receiving 83965 citations.
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TL;DR: This book provides a survey of the mathematical models used to describe social and economic processes as well as address economics and managerial tasks to help readers develop skills in mathematical formalization of economic-managerial tasks, their analysis, and decision-making.
Abstract: This book provides a survey of the mathematical models used to describe social and economic processes as well as address economics and managerial tasks. The text includes a large number practical applications of mathematical models used in problem solving. The book provides self-study materials including checklists to help readers develop skills in mathematical formalization of economic-managerial tasks, their analysis, and decision-making.
4 citations
4 citations
01 Jun 2005
TL;DR: In this article, global markets redefine competition space (market-space competition) and assert global managerial economics which interfaces with a competition space where markets are open and highly permeable to information; trade conditions develop with an active role as intermediary on a global scale.
Abstract: Globalisation and over-supplied markets impose new behaviour to achieve stable performance, with corporate strategies based on: downsizing, networking, merging, development of intangibles. Global markets redefine competition space (market-space competition) and assert global managerial economics which interfaces with a competition space where markets are open and highly permeable to information; trade conditions development with an active role as intermediary on a global scale; and finally, companies –manufacturing, commercial and retail– grow with networking models.
4 citations
TL;DR: In this paper, the authors investigate whether it is reasonable for companies to intensify intangibles when the current strategy is not intangible-intensive and demonstrate under which conditions companies should decide to switch to a strategy more intangible intensive.
Abstract: Purpose
This study explores company strategies for intangibles. The authors investigate whether it is reasonable for companies to intensify intangibles when the current strategy is not intangible-intensive. The purpose of this paper is to elaborate a theoretical model to describe the strategic decision making in companies.
Design/methodology/approach
The authors use the Bellman-equation framework to find the conditions under which a change in strategy for intangibles is reasonable.
Findings
The results determine the parameters of returns on intangibles in different strategies, the optimal intangible stock and the influence of external economic shocks. The findings of the study demonstrate that many requirements have to be met to make intangible-intensive strategy beneficial for a company. Moreover negative shocks of crises force a company to postpone a new strategy on intangibles.
Practical implications
This research provides an insight into strategic behavior of companies under uncertainty. The theoretical findings demonstrate under which conditions companies should decide to switch to a strategy more intangible-intensive. This model can be used to empirically test parameters of different investment strategies of companies using structural estimation techniques.
Originality/value
This work contributes to the theory of managerial economics giving closed form solutions for the dynamic optimization of company behavior. The findings also show how this behavior might change when economic crises are faced or expected.
4 citations
TL;DR: In this article, the authors examine recent trends in managerial economics, particularly in relation to behavioral, experimental, global and organizational influences, and present examples from Managerial and Decision Economics.
Abstract: We examine recent trends in managerial economics, particularly in relation to behavioral, experimental, global and organizational influences. Managerial economics shows healthy development over the recent decade and is still grounded in practical applications. Examples are given using recent articles from Managerial and Decision Economics. Copyright © 2010 John Wiley & Sons, Ltd.
4 citations