Variety, Equity, and Efficiency


Book Description







Accessibility, Equity and Efficiency


Book Description

Leading researchers from around the world show, in this volume, the importance of accessibility in contemporary issues such as rural depopulation, investments in public services and public transport, and transport infrastructure investments in Europe. The trade-offs between accessibility, economic development and equity are comprehensively examined, and a variety of approaches to measuring accessibility and equality presented. The book’s interdisciplinary contributions also provide different geographical contexts, from the US to various European and developing countries, and cover ex ante and ex post evaluation of transport investment. Improving transport accessibility is a main objective in transport policy and planning in developed and developing countries all over the world. Investment is motivated by the need to develop and/or reduce spatial or social inequalities. However, the economic and equity implications of investments in transport are not straightforward. The concepts of accessibility and equity can be defined and operationalized in many different ways, influencing outcomes and conclusions. Moreover, equity and efficiency goals are often conflicting. Accessibility models not only help to explain spatial and transport patterns in developed and developing countries but are also powerful tools to explain the equity and efficiency impacts of urban and transport policies and projects. This state-of-the-art overview of the accessibility–economic efficiency–equity relationship will appeal to researchers as well as transport and urban planners interested in accessibility issues and transport/regional developments.




Product Variety Management


Book Description

Product proliferation has become a common phenomenon. Most companies now offer hundreds, if not thousands, of stock keeping units (SKUs) in order to compete in the market place. Companies with expanding product and service varieties face with problems of obtaining accurate demand forecasts, controlling production and inventory costs, and providing high quality and good delivery performance for the customers. Marketing managers often advocate widening product lines for increasing revenue and market share. However, the breadth of product line can also decrease the efficiency of manufacturing processes and distribution systems. Thus firms must weigh the benefits of product variety against its cost in order to determine the optimal level of product variety to offer to their customers. Academics and practitioners are interested in several fundamental questions about product variety. For instance, why do companies extend their product lines? Do consumers care about product variety? Will a brand with more variety enjoy higher market share? How should product variety be measured? How can a company exploit its product and process design to deliver a higher level of product variety quickly and cheaply? What should the level of product variety be and what should the price of each of the product variants be? What kind of 'challenges would a company face in offering a high level of product variety and how can these obstacles be overcome? The solutions to these questions span multiple functions and disciplines.




Equity and Efficiency in Economic Development


Book Description

Argues that the collapse of Eastern European socialism may favour ideological convergence between divergent economic systems and lead to blend of market and planned systems capable to deal with the varying conditions of diverse societies.




The Territorial Organization of Variety


Book Description

Within the modern global economy, the wine industry seems to be an anomaly: thousands of small companies provide a vast variety of highly differentiated products, competing successfully with multinational corporations. This book argues that this is in fact the result of a sophisticated alternative organization of production on the part of the winegrowers, who have developed a set of strategies and tools appropriate to their markets and regulatory contexts.




Coping with Variety


Book Description

First published in 1999, this book explores pint points, compares and dates the development of product differentiation and variety. This book also analyses’ how firms have embraced a variety of ways of efficiently managing this verity though production, the design of the product as well as in the relations with the suppliers and distributors.




Can Equity and Efficiency Complement Each Other?


Book Description

Economists tend to assume that redistributive transfers increase equity but cause a loss in efficiency, the so-called 'leaky bucket' effect. This paper explores situations where efficiency losses are small or where equity and efficiency might even complement each other. A simple model identifies key parameters that cause leaky buckets and which policy can affect. Three situations are discussed where the equity/efficiency tradeoff may be low: When transfers go to populations with no capacity to change their behavior; when transfers go to programs that limit efficiency losses through behavioral requirements; and when commodities are subsidized that function as long-term investments and create future income gains




Interdisciplinary Perspectives on Fairness, Equity, and Justice


Book Description

This volume brings together cutting-edge research from emerging and senior scholars alike representing a variety of disciplines that bears on human preferences for fairness, equity and justice. Despite predictions derived from evolutionary and economic theories that individuals will behave in the service of maximizing their own utility and survival, humans not only behave cooperatively, but in many instances, truly altruistically, giving to unrelated others at a cost to themselves. Humans also seem preoccupied like no other species with issues of fairness, equity and justice. But what exactly is fair and how are norms of fairness maintained? How should we decide, and how do we decide, between equity and efficiency? How does the idea of fairness translate across cultures? What is the relationship between human evolution and the development of morality? The collected chapters shed light on these questions and more to advance our understanding of these uniquely human concerns. Structured on an increasing scale, this volume begins by exploring issues of fairness, equity, and justice in a micro scale, such as the neural basis of fairness, and then progresses by considering these issues in individual, family, and finally cultural and societal arenas. Importantly, contributors are drawn from fields as diverse as anthropology, neuroscience, behavioral economics, bioethics, and psychology. Thus, the chapters provide added value and insights when read collectively, with the ultimate goal of enhancing the distinct disciplines as they investigate similar research questions about prosociality. In addition, particular attention is given to experimental research approaches and policy implications for some of society's most pressing issues, such as allocation of scarce medical resources and moral development of children. Thought-provoking and informative, Interdisciplinary Perspectives on Fairness, Equity, and Justice is a valuable read for public policy makers, anthropologists, ethicists, psychologists, neuroscientists, and all those interested in these questions about the essence of human nature.




Schumpeterian Perspectives on Innovation, Competition and Growth


Book Description

Recent developments in economics have gone from the recognition of the importance of innovation for growth and the exploration of innovation mechanisms to the incorporation of the results of the previous research into economic models. An important lesson to be drawn from all this research is that a purely macro-based analysis of growth is not enough. The various mechanisms of innovation creation and diffusion, the importance of agent heterogeneity, of market selection processes, of the internal organization of the firm and of organizational routines, and the obsolescence and the consequent emergence of new types of capital goods are a few examples of micro-economic phenomena that contribute decisively to macro-economic development. The papers in this volume approach those issues from a Schumpeterian point of view and tackle issues like the growing importance of knowledge and human capital; increasing returns and path dependence; the role of variety in economic growth; competition and industry evolution.