Managerial economics

About: Managerial economics is a research topic. Over the lifetime, 1524 publications have been published within this topic receiving 83965 citations.

Managerial Economics -- Past, Present and Future.

Abstract: : In this paper the present state of managerial economics is portrayed against the backdrop of a still-continuing series of methodological developments which began to impact on the civilian management sector in the late 1950's. Historically these developments were associated with changes that were occurring in disciplines like Operations Research, Management Science, and Systems Sciences. The latter involved an orientation toward civilian (private enterprise) management in place of a previous almost exclusive focus on problems in military management. This, in turn, caused these disciplines to interact with and impact on developments in managerial economics. This paper suggests that managerial economics, and these other disciplines should (and will) expand their focus in the near future to include management problems in the public sector. This should increase the interactions between them and also improve their ability to deal with problems in private (and military) management as well. Examples of how this might be accomplished are suggested in this paper via PPBS formats for local government and private enterprise management, along with methods of measuring management performance directed to multiple objectives in private as well as public sector management. (Author)

Encyclopedia of energy, natural resource, and environmental economics

Abstract: Every decision about energy involves its price and cost. The price of gasoline and the cost of buying from foreign producers; the price of nuclear and hydroelectricity and the costs to our ecosystems; the price of electricity from coal-fired plants and the cost to the atmosphere. Giving life to inventions, lifestyle changes, geopolitical shifts, and things in-between, energy economics is of high interest to Academia, Corporations and Governments. For economists, energy economics is one of three subdisciplines which, taken together, compose an economic approach to the exploitation and preservation of natural resources: energy economics, which focuses on energy-related subjects such as renewable energy, hydropower, nuclear power, and the political economy of energy; resource economics, which covers subjects in land and water use, such as mining, fisheries, agriculture, and forests; and, environmental economics, which takes a broader view of natural resources through economic concepts such as risk, valuation, regulation, and distribution Although the three are closely related, they are not often presented as an integrated whole. This Encyclopedia has done just that by unifying these fields into a high-quality and unique overview. The only reference work that codifies the relationships among the three subdisciplines: energy economics, resource economics and environmental economics. Understanding these relationships just became simpler! Nobel Prize Winning Editor-in-Chief (joint recipient 2007 Peace Prize), Jason Shogren, has demonstrated excellent team work again, by coordinating and steering his Editorial Board to produce a cohesive work that guides the user seamlessly through the diverse topics. This work contains in equal parts information from and about business, academic, and government perspectives and is intended to serve as a tool for unifying and systematizing research and analysis in business, universities, and government.