openaccess Tag

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30 Jun

Posted at 14:44h in Selected Articles by

"The Efficiency Paradox: Bureaucratic and Organizational Barriers to Profitable Energy-Saving Investments" Energy Policy 26, 1998

Abstract

The paradox of why profitable energy-saving investments are not undertaken continues to provoke debate. The underlying phenomenon might be called the 'efficiency paradox,' because it represents a case in which business firms, which are often presumed (or taken axiomatically) to be economically efficient, make decisions that  do  not maximize profits. New data...

30 Jun

Posted at 14:44h in Selected Articles by

"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,...

30 Jun

Posted at 14:43h in Selected Articles by

"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...