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It is well-established that market governance can be provided by both public (state) and private organizations. However, the concept of private governance has been used, this article contends, to refer to two distinct forms of non-state governance: private governance and community governance. We distinguish between these two forms, arguing that private governance should be understood as the provision of market governance by (external) private parties, while community governance refers to a process where a group, a community, or society has the autonomy to govern its own affairs without interference from external authorities. The former internalizes the externalities associated with governance, while the latter comes about mainly as an unintended externality of social interaction in markets. To further illuminate the differences, and the relative strengths of these types of non-state governance, we distinguish among three elements of market governance: (1) the formation and interpretation of rules, (2) the administration of rules of ownership and exchange, and (3) the enforcement of rules. We argue that community governance is of great relevance for the formation and interpretation of the rules of ownership and exchange, which is consequently very hard to outsource to external parties, private or public. Community governance also plays a frequently overlooked role in administration and enforcement through the process of co-production. Rule formation and interpretation are theorized as the epistemic components of market governance, which can be analyzed within the Governing Knowledge Commons framework. [ABSTRACT FROM AUTHOR]

This paper focuses on joint production/inventory optimization in single and multiple horizons, respectively, within a complicated supply network (CSN) consisting of firm nodes with coupled demands and firm nodes with coupled demands. We first formulate the single-epoch joint optimal output model by allowing the production of extra quantity for stock underage, considering the fixed costs incurred by having inventory over demand and shortfalls. Then, the multi-temporal dynamic joint production model is further investigated to deal with stochastic demand fluctuations among CSN nodes by constructing a dynamic input–output model. The K-convexity defined in Rn space is proved to obtain the optimal control strategy. According to physical flow links, all demands associated to the nodes of CSN are categorized into the inter-node demand inside CSN (intermediate demand) and external demand outside CSN (final demand). We exploit the meliorated input–output matrix to describe demand relations, building dynamic input–output models where demand fluctuates randomly in single-cycle CSN and finite multi-cycle CSN. The novel monocyclic and multicyclic dynamic models have been developed to minimize system-wide operational costs. Unlike existent literature, we consider fixed costs incurred by overdemand and underdemand inventory into system operational cost functions and then demonstrate the convexity of objective functions. The cost function with two fixed penalty costs due to excess and shortage of inventory is developed in a multicycle model, and the K-convexity defined in Rn is proved to find out the optimal strategy for joint dynamic production of CSNs in the case of multi-products and multicycles. [ABSTRACT FROM AUTHOR]

Surveys of the costs of inputs assigned to pollution abatement (Stated Costs) have been the principal method used to estimate pollution abatement costs. While surveys have been widely used, problems with these surveys may adversely affect their ability to accurately measure pollution abatement costs. In this paper, we propose a method that does not depend on surveys of input costs. Instead, a nonparametric cost function that models the joint production of good and bad outputs is used to identify the cost of inputs assigned to pollution abatement (Revealed Costs). The increased input costs when the bad output is not freely disposable compared to input costs when the bad output is freely disposable constitute our estimate of the revealed cost of pollution abatement. Our model is illustrated using data from coal-fired electric power plants in the United States for 2000–2005. [ABSTRACT FROM AUTHOR]

Purpose: Despite multiple structural changes since its 2011 inception, many English Women's Super League (WSL) clubs have recorded losses and carried debt, leading to concerns about the financial health of the league. This study is the first to analyse the financial health of any professional women's sports league in the world. The authors examine WSL club finances between 2011 and 2019, theoretically situate the findings within joint production, and make policy recommendations. Design/methodology/approach: In total, 73 annual accounts of 14 WSL clubs between 2011 and 2019 were scrutinised. Findings: Since 2011, club revenue has increased 590% but is outstripped by club debt increase (1,351%). The authors find poor financial health throughout the league, which may damage both its and the clubs' future growth. Findings also indicate an emergent group of dominant clubs on and off the pitch, which may threaten long-term sporting integrity and disrupt the joint production of the WSL product. Practical implications: Women's football exists at an important crossroad, and its next moves need careful consideration in relation to its governance structures and league design. Originality/value: The authors provide a road map for necessary action (e.g. revenue distribution, licensing criteria, rewards) to protect the financial health of the WSL's clubs and promote sporting competition to assist the sport to capitalise further on positive gains in recent years. [ABSTRACT FROM AUTHOR]

Starting in the 1970s, agriculture in Western countries began to progressively lose the critical success factors on which it based its competitive advantage, which was localization. The development of both the food industry and organized distribution, the intensification of trade, and the speed of information transfer led to new needs and new scenarios within which new agricultural systems emerged. This research analyzed the changes imposed on the agricultural system by the economic development process and determined the trajectories taken by some agricultural entrepreneurs. The study shows that those agricultural entrepreneurs who have been able to adapt their business strategy to the new production scenarios that have emerged remain competitive in the market, while those who have been passively affected by economic development have resulted in agriculture that in many ways only manages to survive thanks to the contribution of the Common Agricultural Policy and without which it would be ousted from the market. [ABSTRACT FROM AUTHOR]

The question of how to properly model production systems with unintended outputs has proven both controversial and of particular interest to the productivity and efficiency community. The paper explains why some of the arguments put forward in these controversies are hardly convincing for industrial and other processes. Among other things, there is a lack of clear conceptual labelling of the different types of joint production, especially coupled production, which is the main source of undesirable and other unintended outputs, unless neglected. It is largely ignored that the desirability of such by-products may depend on the quantity produced. This is also true for reduction processes such as waste incineration or end-of-life vehicle dismantling, which in turn generate new unintended outputs. As a rule, industrial material and energy balances are modelled implicitly. Koopmans' activity analysis is the standard approach in modelling production systems with undesirable outputs in the literature of business economics on sustainable production and supply chain management. With data envelopment analysis (DEA), instead of entire production possibilities, it is sufficient to know only certain local properties in the relevant range of input and output quantities of the observed activities. This lowers the challenge to verify their empirical validity. [ABSTRACT FROM AUTHOR]

Although written corrective feedback and collaborative writing have been extensively researched in second language writing, there have been few ecologically valid classroom-based studies. To bridge the gap, the current study proposed joint production as a pedagogy to integrate teacher-scaffolded feedback and collaborative dialogue and aimed to examine its effect on the development of second language writing. A quasi-experimental study was undertaken on two intact groups of EFL learners over an academic semester of 18 weeks. Results showed that the experimental group (N = 30) outperformed the control group (N = 29) significantly in accuracy, confirming the effectiveness of joint production in promoting accuracy in L2 writing. Developmentally, accuracy was steadily developed over time and was negatively correlated with complexity. Possible explanations and implications of the findings are also discussed. [ABSTRACT FROM AUTHOR]

The labor theory of value has been rejected by Morishima on the grounds that it would be incompatible with joint production, which would create negative labor values. This article starts by recalling the various definitions of joint production, as well as the way they relate to the real world. For Morishima, the labor theory of value is a particular case of Sraffa's theory of production prices; it is recalled that in Sraffa's treatment of joint production the occurrence of negative multipliers and therefore of negative quantities comes from the construction of a standard commodity. Morishima extends this demonstration to labor values in the case of joint production, but the article shows that his example of giving negative labor values is absurd. Finally, using a method initially developed by statisticians to deal with joint production and simple matrix calculations, it is demonstrated that it is perfectly possible to obtain positive labor values in a theoretical but realistic model of joint production. [ABSTRACT FROM AUTHOR]

The aim of this paper is to elaborate a Sraffian production model with banks, corporations, shareholders and managers to argue that the expansion of the financial sector contributes to the decrease of the wage‐share. The model introduces joint production to take into account fixed capital and corporate firms and provides rigorous foundations for the description of an economy characterised by unbalanced growth with the financial sector growing at the highest rates. Besides demonstrating that the analysis generates non‐negative solutions for prices and quantities, the paper concludes that, if workers' debt grows faster than the rest of the economy, the wage share diminishes and that the greater the size of the dividends that corporate companies decide to distribute, the larger the reductions in the wage share. [ABSTRACT FROM AUTHOR]

This paper examines production by two unequal partners and asks if there exist agreed upon ownership shares that generate the joint payoff maximizing efforts. Given the inherent complementarity, we show that for given shares, joint payoff is greater in a sequential rather than a simultaneous effort game. Also, joint payoff is typically higher when the more productive partner exerts effort late and when shares differ by less than productivity. Yet, each partner desires to exert effort late creating an unavoidable chicken game. Given that the partners remain owners with shares, this creates demand for a coordinator (not a full principal) to establish optimizing shares and the leader. [ABSTRACT FROM AUTHOR]

The gas production rate from hydrate trials is still below commercial criterion. To increase the production rate, a promising geological system consisting of hydrate, associated and shallow gas layers was explored recently. Herein, the gas production of this complex geological system through depressurization was numerically investigated. The result showed a high gas production rate in the first tens day, and a subsequently slow decrease with an increasing water production rate under the immediate depressurization condition. The free gas layer contributed the most of gas production while the least is from hydrate reservoir. For water production, the most was from the associated gas layer and a moderate from hydrate layer. Among all factors, the depressurization rate affected greatly the initial gas rate, and slight depressurization caused a high and stable rate. The permeability, gas saturation and irreducible water saturation of the shallow gas layer affected dramatically the gas rate and obviously the corresponding water rate. Special attention should be paid to the hydrate forming in the shallow gas layer. This hydrate barrier caused a decrease of gas rate when reducing production pressure. The production of the complex system enhances the economic benefit, and it becomes a prospective system of exploration. • A promising reservoir of hydrate with associated and shallow gas layers is studied. • Hydrate and individual gas layers contribute differently to the production. • A quick depressurization rate will induce a hydrate barrier around the gas layer. • A slight depressurization rate facilitates a high and long-term gas production rate. • The effect of properties of shallow gas layer is investigated. [ABSTRACT FROM AUTHOR]

This paper demonstrates how the slope of a production possibilities frontier (PPF) can be used to empirically identify the presence of an ecosystem externality. Complementarity between non-market ecosystem services implies the PPF between these services may be upward sloping. In contrast, private landowners that ignore these complementarities will treat non-market ecosystem services as competing products thereby ensuring a downward sloping PPF. Using data from 738 U.S. watersheds, we compare the slope of PPFs on predominately private and predominately public watersheds. We find evidence that private markets are failing to internalize complementarities between forest habitat and two other non-market ecosystem services: instream flows and grazing. In addition, we show how three-stage least squares regression can be used to reduce endogeneity bias associated with more common approaches to estimating ecosystem service relationships. [ABSTRACT FROM AUTHOR]

The generation of unintended residuals when producing intended outputs is the key factor behind our serious problems with pollution. The way this joint production is modelled is therefore of crucial importance for our understanding and empirical efforts to change economic activities in order to reduce harmful residuals. Estimation of efficiency and productivity when producing both intended and unintended outputs has emerged as an important research strand. The most popular models in the field are based on weak disposability of the two types of outputs together and null-jointness introduced by Shephard. The purpose of the paper is to show that these model types are built on some questionable assumptions. An alternative model based on the production theory of Frisch introduces technical jointness for the case when the unintended output is unavoidable. The materials balance based on physical laws tells us that when material inputs are used unintended outputs are unavoidable. The modelling of joint production must therefore reflect this. The production of the two types of outputs occurs simultaneously. It is the maximisation of intended outputs for given inputs that engineers are striving at to achieve. The production functions for intended and unintended outputs are linked through common use of inputs. However, separate functions for the two types of output can be estimated because the intended outputs are independent of the unintended ones and vice versa, facilitating calculating separate efficiency and productivity measures using non-parametric DEA methods. [ABSTRACT FROM AUTHOR]

Abstract This paper uses input–output data from Supply and Use Tables for the year 2010 and provides empirical estimations of the static demand multipliers in a joint production framework for two representative Southern Eurozone economies, i.e., Greece and Spain, and for the Eurozone economy as a whole. The findings reveal certain differentiated features of the economies under consideration, call into question the post-2010 ‘horizontal’ implementation of economic policy measures and, finally, provide a context for formulating well-targeted effective demand management and structural policy programs.

Since Harvey Sacks' early observations on collaborative sentence-making, the joint production of turns has become a topic of abiding interest amongst conversation analysts. This paper offers a thematic review of the literature by looking into a number of issues surrounding joint productions, including their forms and interactional uses, major types and sub-types, syntactic and pragmatic contributions, unity and variation across languages, and reasons for its inherent fascination as a conversational practice. By re-examining a number of key concepts and distinctions, including completion, extension, projection, continuation, collaboration, and affiliation/disaffiliation, the paper offers a critical assessment of their perspicuity and usefulness for our understanding of joint production as a general phenomenon (which includes both co-completions and increments). In the second part of the paper, it is suggested that two further concepts be added to the analyst's toolbox, namely, 'parties' (Schegloff 1995) and 'voices' (Bakhtin 1981). It is argued that with these notions, one would be better placed to explain the curious status of joint productions as at once collaborative and yet at the same time potentially transformative or even subversive. The overriding goal is conceptual clarification of this field, which hopefully will help place further research on firmer ground. [ABSTRACT FROM AUTHOR]

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Increased market demand and expanded scales of production of fresh agricultural products by small and medium‐sized enterprises (SMEs) have highlighted the challenge of funding sufficient infrastructure. Additional costs to improve the freshness of produce makes the optimal financial and operational policies different for these enterprises. On the basis of the characteristics of the fresh agricultural supply chain, this paper analyses the financing strategies adopted by SMEs and obtains optimal operational and financing strategies for SMEs in six different situations. The analysis shows that the optimal level of financing by SMEs is not only affected by the financing rate, but also negatively related to the freshness effort cost coefficient, and is positively related to the sensitivity coefficient of market freshness. Moreover, although the cost of improving the freshness level of the producte is only borne by the SME, the supply chain cannot maximise profit from the optimal financial strategies of SMEs. Shouldering the fresh effort cost also lessens the optimal financing requirement of the SME compared with that of the entire supply chain. The difference is affected by the fresh effort cost coefficient. [ABSTRACT FROM AUTHOR]

We consider a network of heterogeneous agents where each edge represents a two‐player contest between the respective nodes. In these bilateral contests, agents compete over an endogenous prize jointly produced using their own contest efforts. We provide a necessary and sufficient condition for the existence of Nash equilibrium and characterize the equilibrium total effort for every agent. Our model has insightful results regarding the network type, that is, depending on whether the network is bipartite or nonbipartite. Finally, considering the sum of all expected utilities as an efficiency notion, we investigate the optimal network structure. [ABSTRACT FROM AUTHOR]

In this study, we examine dynamic allocation of resources and consumption over an infinite time horizon in an overlapping-generations model with two-sided altruism. Each generation cares not only about its own consumption and the utility of its successor, but also about the utility of its parental generation. The consumption decisions of different generations could display time-inconsistency in a model of two-sided altruism. Consequently, the outcome solutions could differ depending on whether members of the current generation are naïve and falsely believe that the future generation will comply with their, or are sophisticated and know exactly how the future generation will choose to behave. We assume that the young generation is naïve and behaves as a central planner in allocating capital resources. The capital stocks inherited by each generation from the parental generation are actually realized and used in the joint production of capital stocks and consumption goods. We refer to a sequence of such capital stocks as a two-sided altruistic path. This study examines a more general production function than earlier models of two-sided altruism, and our results prove that any two-sided altruistic path will eventually converge to the two-sided altruistic stationary path. [ABSTRACT FROM AUTHOR]

Purpose: The purpose of this paper is to analyse the effect of enhanced knowledge and technology innovations, which were resulted from training, on the simultaneous production of rice and soybean in Java, Indonesia. Design/methodology/approach: A model of product possibility frontier with two outputs produced using the same resources was employed. Based on the model, supply responses of soybean and rice were derived. Aggregate data consisting of 12 regions during the ten years of 2000–2009 were compiled from relevant agricultural institutions at the provincial level. Findings: Improvement in farmers' capacity has been able to increase production of soybean and rice simultaneously. Farmers' capacity increased after completion of the school. Knowledge and skill gained from the school have been applied to both rice and soybean farming. Other economic factors also affected the supply response of both commodities. Research limitations/implications: Available data covered periods 2000–2009. However, the outcomes are still relevant to the current situation because food crops are the basic necessity. This study used secondary aggregate data, which might be less accurate than primary data. However, secondary data have the advantage concerning coverage and time span. Practical implications: The Government, in collaboration with non-government organisations and the private sectors, should continue to enhance farmers' capacity to increase the production of food crops to feed people in Indonesia, and over the world in general. Originality/value: An analysis of joint production using a concept of product transformation curve can measure the impact of training on multi products. [ABSTRACT FROM AUTHOR]

In this chapter, we present fragments of previously unpublished correspondence between Ludwig Lachmann and G. L. S. Shackle on the nature of institutions. This correspondence allows us to rationally reconstruct a theory of institutions, which extends Lachmann's theoretical work. Shackle pointed out to Lachmann that institutions might be inputs into economic activities and that they themselves may be reproduced and transformed by these activities. Lachmann in turn contended that institutions consist of "instruments of interpretation." We develop the concept of "instruments of interpretation" as a subset of institutions. These instruments are mental models and cognitive tools which are (1) inputs complementary to capital goods (2) jointly produced, reproduced, and transformed through economic activity. We suggest that in contrast to privately produced capital goods, parts of the institutional infrastructure are produced jointly as shared goods because the use of certain institutional elements is non-exclusive and non-subtractable; these elements - instruments of interpretation - are produced and reproduced by sharing and contributions through a process of joint production. This chapter explicitly connects two different but essential themes in Lachmann's work: capital, and institutions. By combining these two strands of Lachmann's work, we are able to demonstrate that there is a crosscomplementarity between institutional orders and capital structures. This connection in turn provides a thicker understanding of the workings of markets. [ABSTRACT FROM AUTHOR]

Multilateral financial mechanisms (MFMs) are becoming increasingly prevalent as a means for addressing global public good problems. MFMs raise funds from member countries through "burden sharing" arrangements, and these funds are disbursed as grants to finance environmental projects around the world. These projects are impure public goods, as they help achieve global (public) objectives like climate change mitigation, and they also generate local (private) benefits for recipient countries. This paper constructs a model of MFMs and explores how impure public goods influence burden sharing arrangements. I design an optimal burden sharing mechanism and show how resultant environmental quality and welfare are affected by the choice of grant allocations. Counterintuitively, grant reallocations can be redistributive, Pareto improving, or immiserating, and these results are shaped by the initial distribution of grants and by substitute and complement relationships between private and public consumption. [ABSTRACT FROM AUTHOR]