Vertical integration in the long run: the provision of physical assets to the London and New York stock exchanges

Article Abstract:

Oliver E. Williamson's approach to transaction costs can be applied to the development of physical asset provision to the stock exchanges of New York and London, England, in the 19th and 20th centuries. There are differences in the paths taken by the two institutions, though they both behave in ways that fit in with a transaction cost approach. Inefficient governance structures could undermine an assumption in the transaction cost approach that transaction attributes are observable and exogenous.

History, Stock-exchange, Stock exchanges

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Comparative operating cost analysis: bottom-line incentive for expanding and relocating companies

Article Abstract:

Economic development professionals should develop their skills in operating cost analysis as such are needed by many businesses wishing to relocate and expand. These businesses would want detailed information and comparative analysis of such factors as workers compensation costs, property tax rates, health care expenses and construction costs. As a case study, an evaluation of the costs to an electrical manufacturing plant of relocating in either of three cities is discussed.

Economic aspects, Business relocation

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Aggregate homothetic separability

Article Abstract:

Aggregate homothetic separability as applied to fuel inputs was characterized in terms of the necessary and sufficient conditions for an aggregate sector cost function which can be derived from data on general industry cost functions. It was established that for a sector cost function to be consistent with homothetic separability, each industry cost function should be consistent with quasi-homothetically separable technology.

Macroeconomics

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