Topic
Managerial economics
About: Managerial economics is a research topic. Over the lifetime, 1524 publications have been published within this topic receiving 83965 citations.
Papers published on a yearly basis
Papers
More filters
3 citations
01 Oct 1995
TL;DR: The economics of ergonomics is important from a managerial and technical standpoint as mentioned in this paper, and the authors of this paper continue the discussion on the economics of the field of ergonomic design, including both conceptual and practical viewpoints.
Abstract: The economics of ergonomics is important from a managerial and technical standpoint. This paper continues the discussion on the economics of ergonomics. It includes both conceptual and practical viewpoints, and includes examples to illustrate the techniques described.
3 citations
01 Jan 1999
TL;DR: In this article, the authors focus on four general topics within economics that are relevant to water resources, including price theory, welfare economics, investment theory, and environmental economics, which are used to analyze externalities and economically efficient spending to achieve different levels of environmental quality.
Abstract: The discipline of economics studies how individuals, firms, and governments make choices that determine the way resources are used. Resources are scarce, which means the demand exceeds the supply, and this is precisely why choice matters. Water, like aluminum, wood, or oil, is an economic good because it has utility (value) to people. Water is often considered special because it is an economic good that one cannot live without. Water is a production input to irrigation agriculture, just like fertilizer and seed. Water is also an important input to manufacturing and industrial processes. The discussion is limited to four general topics within economics that are relevant to water resources. First, price theory describes supply and demand relationships between producers and consumers. A second area is that of welfare economics which evolved from the realization that the private markets did not fully recognize the larger social costs and benefits associated with the production and consumption of resources. The goal of welfare economics is to maximize net social welfare. A third area of economics which is relevant to water resources is investment theory. Investment theory provides the concepts and tools to analyze the value of money over time. Finally, concepts from the field of resource economics and environmental economics are used to analyze externalities and economically efficient spending to achieve different levels of environmental quality.
3 citations