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Introduction The transformation function for two‐sector production models has been used extensively in the international trade and general equilibrium literature. It has been derived both graphically and mathematically from individual sector production functions that are assumed to be linearly homogeneous. The result has been a convex set possessing first derivatives that have frequently been used. However, there seems to be a lack of research on further properties attributable to the transformation function. The purpose of this paper is to analyze these additional properties. We begin by proving that the transformation function is linearly homogeneous in all of its arguments. We then derive the standard first derivatives of the transformation function providing their usual economic interpretation. Finally, we conclude by deriving and interpreting the second‐order derivatives of the transformation function.

This paper analyzes the welfare implications of price regulation in competitive market structures. The analysis is performed in a general equilibrium framework where individuals are producers of the goods they consume. These produced goods in the economy are designated as good A, good B, and q, which represents quality per unit of A. The first half of the paper is devoted to the competitive equilibrium and the effects of price regulation on product quality. The second half of the paper analyzes the welfare effects of price regulation when the economy consists of both non‐identical and identical consumers. It is shown that regulation may be a Pareto superior move in the absence of a market and price for quality.

Time is an important determinant of factor demand and supply elasticities in producer theory. The typical textbook distinction between the short‐run and the long‐run focuses upon the ability of the decision‐maker to adjust fixed factors. Indeed, the length of the firm's planning horizon may be identified with the degrees of freedom available to the firm; i.e. the number of factors that can optimally be adjusted to a changing economic environment. The purpose of this note is to illustrate use of the envelope theorem to recover a generalized Samuelson‐Le Chatelier principle in a simple and elegant manner. In particular, we will show how a monopolist's derived factor demand elasticities may be ordered by the length of the planning horizon. Thus the economically appealing and intuitive notion that the monopolist's factor demand decisions will be more responsive to price changes, the greater the flexibility in utilizing fixed factors will be given an analytically rigorous, though quite simple, demonstration utilizing duality theory and the well‐known envelope theorem.

This research provides accounting-ethics authors and administrators with a benchmark for accounting-ethics research. While Bernardi and Bean (2010) considered publications in business-ethics and accounting’s top-40 journals this study considers research in eight accounting-ethics and public-interest journals, as well as, 34 business-ethics journals. We analyzed the contents of our 42 journals for the 25-year period between 1991 through 2015. This research documents the continued growth (Bernardi & Bean, 2007) of accounting-ethics research in both accounting-ethics and business-ethics journals. We provide data on the top-10 ethics authors in each doctoral year group, the top-50 ethics authors over the most recent 10, 20, and 25 years, and a distribution among ethics scholars for these periods. For the 25-year timeframe, our data indicate that only 665 (274) of the 5,125 accounting PhDs/DBAs (13.0% and 5.4% respectively) in Canada and the United States had authored or co-authored one (more than one) ethics article.

This issue is a selected bibliography covering the subject of leadership.

Aim of the present monograph is the economic analysis of the role of MNEs regarding globalisation and digital economy and in parallel there is a reference and examination of some legal aspects concerning MNEs, cyberspace and e‐commerce as the means of expression of the digital economy. The whole effort of the author is focused on the examination of various aspects of MNEs and their impact upon globalisation and vice versa and how and if we are moving towards a global digital economy.

Develops an original 12‐step management of technology protocol and applies it to 51 applications which range from Du Pont’s failure in Nylon to the Single Online Trade Exchange for Auto Parts procurement by GM, Ford, Daimler‐Chrysler and Renault‐Nissan. Provides many case studies with regards to the adoption of technology and describes seven chief technology officer characteristics. Discusses common errors when companies invest in technology and considers the probabilities of success. Provides 175 questions and answers to reinforce the concepts introduced. States that this substantial journal is aimed primarily at the present and potential chief technology officer to assist their survival and success in national and international markets.

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