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: A summary of a monograph on "Bolivian economic performance and foreign debt" is given in this paper, with a focus on the economic performance of the Bolivian economy.
Abstract: "This paper is a summary of a monograph on "Bolivian economic performance and foreign debt"
73 citations
Posted Content•
01 Jan 1993
TL;DR: The economics of profit rate as mentioned in this paper is a broad synthesis of recent work and builds on classical theory, using the tools of modern economics, to suggest alternative approaches to conventional microeconomics and macroeconomics.
Abstract: The Economics of the Profit Rate presents a broad synthesis of recent work and builds on classical theory, using the tools of modern economics, to suggest alternative approaches to conventional microeconomics and macroeconomics. In sharp contrast to the general equilibrium theory, the emphasis is placed on dynamics and the reaction of individual agents to disequilibrium. This impressive book includes an assessment of the history of the US economy in which theoretical and empirical analyses are consistently combined.
71 citations
TL;DR: In this article, the authors take stock of economics in methodological terms and examine the appearance of increasing variety, or plurality, in economics, in particular in economic theory, and what this implies for non-mainstream economics.
Abstract: In this chapter, we take stock of economics in methodological terms. The discipline of economics is continually changing, requiring a reexamination of the concepts of mainstream economics and non-mainstream economics. The particular feature of recent change which this chapter examines is the appearance of increasing variety, or plurality, in economics, in particular in economic theory, and what this implies for non-mainstream economics. In the process, we revisit a range of themes addressed earlier in the volume.
71 citations
TL;DR: In this paper, the authors consider the ways in which economics has been, and might be, applied to issues in business policy, and consider how to apply microeconomics to business problems.
Abstract: This paper considers the ways in which economics has been, and might be, applied to issues in business policy. Because the focus of industrial economics over the last century has used the industry, rather than the firm, as the principal unit of analysis, theoretical and empirical work has been of limited direct relevance to business problems. The last fifteen years, with developments in game theory, contract design, and principal agent problems, have changed this perspective. Over the next century, there is an opportunity to develop microeconomics as central to business policy as macroeconomics is to public policy. Copyright 1991 by Royal Economic Society.
71 citations
TL;DR: In this article, the authors examined the returns to senior management and stockholders following corporate takeovers in the United Kingdom and found that if shareholders profit from takeovers then so do the senior management.
Abstract: Various motives for making corporate acquisitions have been forwarded in the managerial economics literature. Two that have received a lot of attention are the maximization of stockholder wealth and the maximization of senior management's utility. These two alternative views can lead to different acquisition decisions. The paper examines the returns to senior management and the returns to stockholders following corporate takeovers in the United Kingdom. The evidence suggests that if shareholders profit from takeovers then so do the senior' management. Of more interest, however, is the finding that if acquisitions result in a reduction in stock market value for the acquiring firm, their senior management appear to gain. In particular, senior management remuneration increases substantially after an acquisition. This evidence is consistent with the maximization of senior management's utility being an important motive in many corporate-acquisition decisions.
68 citations