Author: Stephen DeCanio

"Information Processing and Organizational Structure" (with William E. Watkins) Journal of Economic Behavior and Organization 36, 1998

Abstract

Standard economic theories of the firm (and other organizations) stress profit maximization as the foundation for derivation of predictable behavior. Yet statistical and case-study evidence continues to accumulate that real firms do not act as required by the neoclassical framework.  Instead of being represented by ever more elaborate maximization models,...

"Estimating the Non-Environmental Consequences of Greenhouse Gas Reductions is Harder Than You Think" Contemporary Economic Policy 17, 1999

Abstract

Top-down and bottom-up models of the non-environmental consequences of policies to reduce greenhouse gas emissions embody different implicit theories of economic organizations. Yet neither approach is explicit in showing the detailed computations that must be traced if the activities of firms are to be described realistically. Specification of...

"Economic Analysis, Environmental Policy, and Intergenerational Justice in the Reagan Administration:  The Case of the Montreal Protocol," International Environmental Agreements:  Politics, Law and Economics 3 (2003)

Abstract

Economic arguments played a significant role in the decision by the Reagan Administration to lead the international effort to protect the stratospheric ozone layer from depletion caused by certain otherwise useful industrial chemicals....

"Two Hidden Sources of Productivity Growth in American Agriculture, 1860-1930" (with William N. Parker) Agricultural History 56, October 1982, pp. 648-62

Initial paragraph

Sustained productivity growth in modern agriculture depends largely upon two complex social processes of learning. In genetic and biochem- ical technology, scientists must learn how to adjust plant varieties and animal breeds to the various and changing conditions of the natural environment....

"Modeling Technological Change in Energy Demand Forecasting: A Generalized Approach" (with John A. "Skip" Laitner) Technological Forecasting and Social Change 55, 1997

Abstract

Conventional economic modeling of energy demand has characterized technological choice as an investment decision driven primarily by the relationship between capital costs and operating costs. Yet the implementation of this approach has tended to yield unrealistically high estimates of the implicit discount rate governing...