This paper attempts to examine the effect of a currency devaluation on domestic output by incorporating the Coase (1937) assertion into a standard open economy model. Our results show that there will be multiple equilibria in the labor market, i.e. low or high employment equilibrium, because of transaction cost externalities. If the labor market is in the high-employment equilibrium, a currency...

Output-based refunding of environmental policy revenues combines a tax on emissions with a subsidy to output. With imperfect competition, subsidies can discourage output underprovision. However, when market shares are significant, endogenous refunding suffers compared to a fixed subsidy. Refunding the emissions tax according to market share reduces the incentive to abate, and marginal abatement...

The study investigated the constraints to farmers’ intention to pay for private irrigation in Nandom District, Ghana. Using a key informant interviews and semi-structured questionnaires, the study collected data from 236 farmers. Data was analyzed with descriptive and inferential statistics. Kendall coefficient of concordance was used to determine the level of agreement among farmers in ranking...

As the conditions in the market and in the world of work and commerce gets more complicated, this requires cor-rection, improvement and also updating marketing attitude among manufacturers and marketers. It is an urgent requirement to choose and determine strategies in order to achieve the objectives. Strategy means the comprehensive and main plan in manufacturing unit revealing the way it achi...

ToToday’s market place is increasingly dynamic and volatile. In this area supply network issues recently have attracted a lot of attention from industrial practitioners and academics worldwide. Chaos theory is the study of complex, nonlinear, dynamic systems. For chaotic systems, a tiny change in conditions may result in an enormous change in system output, whereas substantial changes in condit...