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
•
TL;DR: In this paper, a decision is defined as an expression of a rational act, consistently formulated, and based on interpretation of information that is processed in order to pursue alternatives aimed at achieving predetermined objectives.
Abstract: An essential element of the managerial process, the decision is the act of moving from thought to action. This aims to find the most rational way for future actions to ensure maximum efficiency of managerial actions. The process further increasing the effectiveness of management’s actions requires that any decision to have a solid scientific foundation. A characteristic of a decision is that it is an expression of a rational act, consistently formulated, and based on interpretation of information that is processed in order to pursue alternatives aimed at achieving predetermined objectives.
2 citations
••
01 Jan 2001TL;DR: In this paper, the importance of empirical work in the economic analysis of law is surveyed and the history of economics is described as a positive science and then explained how the positivist approach has in recent years led to an increased emphasis on empirical scholarship within the field of law and economics.
Abstract: This article surveys the importance of empirical work in the economic analysis of law. It describes the history of economics as a positive science and then explains how the positivist approach has in recent years led to an increased emphasis on empirical scholarship within the field of law and economics.
2 citations