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Registros recuperados: 9
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Analysing Government Decision Making in the South African Biofuels Industry: A Game Theoretic Approach AgEcon
Funke, Thomas; Klein, Peter G..
The production of biofuels in many countries is largely driven by the government strategy and incentives that are in place. In South Africa the first round of the development of such a draft strategy took place in 2005 while the official stance on biofuels was finalized in December of 2007. During the policy development process various governmental departments had strategic goals and targets that they all were required to achieve. The achievement of these strategic targets and goals is also risky and the various departments that have some form of involvement in the biofuels industry need to decide on how much risk they are willing to take. This article sketches the game that the various governmental departments played as well as the risks that they were...
Tipo: Journal Article Palavras-chave: Biofuels; Game Theory; Government Strategy; Agricultural and Food Policy; Research Methods/ Statistical Methods.
Ano: 2010 URL: http://purl.umn.edu/95979
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Can Entrepreneurship Be Taught? AgEcon
Klein, Peter G.; Bullock, J. Bruce.
Is entrepreneurship an innate ability or an acquired skill? Can entrepreneurship acumen be achieved and enhanced through education and training, or are certain people “born” to be entrepreneurs or to act entrepreneurially? Economists and management theorists give widely divergent answers to these questions. This paper reviews the major approaches to teaching entrepreneurship, primarily at the undergraduate level, and relates them to economic theories of entrepreneurship. Surprisingly, we find little connection between the leading approaches to entrepreneurship education and economists’ understanding of the entrepreneurial function. We assess likely explanations for the lack of contact between these two groups of scholars and suggest possible...
Tipo: Journal Article Palavras-chave: Alertness; Entrepreneurship; Innovation; Opportunity identification; Resource acquisition; Uncertainty bearing; Risk and Uncertainty; Teaching/Communication/Extension/Profession; M13; A22; O31.
Ano: 2006 URL: http://purl.umn.edu/43779
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Explaining Investment Decisions in the South African Biofuels Industry: A Game Theoretic Approach AgEcon
Funke, Thomas; Klein, Peter G..
The production of biofuels and the establishment of a biofuels industry in South Africa have largely been hampered by the structure, procedures and requirements as set out in the Industrial Biofuel Strategy. This article sketches the industry by means of a game theoretic representation. A model is developed that represents the rational strategies of various role players in the industry with respect to investor decision making. In reality this did not occur and the article develops and documents a variable, σ, which in turn helps to represent the current state of affairs. The study explains why current investment decisions in the industry have been made and why certain role players remain indifferent towards any commitment.
Tipo: Journal Article Palavras-chave: Biofuels; Game Theory; Biofuel Industry Investments; Agricultural Finance; Research Methods/ Statistical Methods.
Ano: 2010 URL: http://purl.umn.edu/95978
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Factors Influencing Contract Use and Contract Terms in Organic Markets AgEcon
Franken, Jason R.V.; Sykuta, Michael E.; Klein, Peter G..
Tipo: Conference Paper or Presentation Palavras-chave: Contract; Marketing; Organic; Agribusiness; Institutional and Behavioral Economics; Marketing; Q13.
Ano: 2010 URL: http://purl.umn.edu/61365
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Markets, Contracts, or Integration? The Adoption, Diffusion, and Evolution of Organizational Form AgEcon
Sykuta, Michael E.; Klein, Peter G.; James, Harvey S., Jr..
The rise of contract farming and vertical integration is one of the most important changes in modern agriculture. Yet the adoption and diffusion of these new forms of organization has varied widely across regions, commodities, or farm types, however. Transaction cost theories and the like are not fully effective at explaining the variation of adoption rates of different organizational forms, in part because of their inherent static nature. In order to explain the adoption, diffusion and evolution of organizational form, a more dynamic framework is required. This paper lays out such a framework for understanding the evolution of organizational practices in U.S. agriculture by drawing on existing theories of economic organization, the diffusion of...
Tipo: Conference Paper or Presentation Palavras-chave: Contracting; Vertical integration; Organizational innovation; Diffusion; Institutional and Behavioral Economics; L14; L22; Q13; O33.
Ano: 2005 URL: http://purl.umn.edu/19390
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On the Uniqueness of Hybrids, Market Exchanges, and Vertical Integration: Evidence from Physician-Hospital Marketing Relationships AgEcon
Barnes, James N.; Fannin, James Matthew; James, Harvey S., Jr.; Klein, Peter G..
Tipo: Conference Paper or Presentation Palavras-chave: Physician arrangements; Vertical integration; Hybrid contracts; Cannonical discriminant analysis; Health Economics and Policy; Institutional and Behavioral Economics; I11.
Ano: 2010 URL: http://purl.umn.edu/56539
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Scale as a Transaction Cost Variable in the U.S. Biopower Industry AgEcon
Altman, Ira J.; Klein, Peter G.; Johnson, Thomas G..
With increasing interest in renewable energy from agriculture, including biopower and cellulose ethanol, several aspects of the industry must be understood. Study of the organization of the biopower industry represents an under researched area and a new application of transaction cost theory to an emerging industry. Refinement of the theory can also result from challenging applications. This article provides an application of transaction cost economics to the existing United States biopower industry while challenging the empirical convention of excluding production cost variables from transaction cost analysis. Utilizing survey data from 53 biopower generators, scale is modeled as a transaction cost variable in explaining the choice of organizational...
Tipo: Conference Paper or Presentation Palavras-chave: Resource /Energy Economics and Policy.
Ano: 2006 URL: http://purl.umn.edu/21141
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The Clustering of Organizational Innovation: Developing Governance Models for Vertical Integration AgEcon
Burress, Molly J.; Cook, Michael L.; Klein, Peter G..
This case explores a cluster of firms that emerged sharing a particular ownership structure. Typically, clusters are thought of as interrelated firms that produce similar products and services. However, we document the emergence and evolution of a cluster of entrepreneurial ventures that developed using a unique governance structure. We explore the deviant case of Renville, MN because of its notable success in developing a series of entrepreneurial ventures that provided producers with the opportunity to vertically integrate.
Tipo: Journal Article Palavras-chave: Collective entrepreneurship; Organizational innovation; Joint vertical innovation; Cluster; Agribusiness; Research and Development/Tech Change/Emerging Technologies; Q10; Q13; Q16.
Ano: 2008 URL: http://purl.umn.edu/53740
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The Entrepreneur's Choice of Location: Evidence from the Life Sciences AgEcon
Kolympiris, Christos; Klein, Peter G.; Kalaitzandonakes, Nicholas G..
Why do biotech firms cluster? New and established firms in biotech clusters are said to capitalize on knowledge spillovers, labor-market pooling, and other externalities. Some have even argued that such spillovers are so strong that the cluster itself, rather than the individual, is the “locus of entrepreneurship.” Such arguments, however, do not resolve the mechanism by which clusters might contribute to the establishment of new firms. This paper proposes a conceptual framework for analyzing the locational choices of entrepreneurial firms in the life-sciences industry. Building on both the cluster literature and the literature on entrepreneurship, we develop hypotheses about how cluster characteristics, the entrepreneur’s personal characteristics, and...
Tipo: Conference Paper or Presentation Palavras-chave: Entrepreneurship; Biotechnology; Clusters; Knowledge spillovers; Agglomeration economies; Industrial Organization; L26; L65; O18; O32.
Ano: 2007 URL: http://purl.umn.edu/9761
Registros recuperados: 9
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