Two remarks on Cournot equilibria

We describe two simple results in the theory of Cournot equilibria. The first has to do with the effect of taxation in a Cournot industry and the second describes under what conditions a Cournot equilibrium will implicity maximize an objective function. These results are probably known, but are not well known, and they seem useful enough to be worth spelling out.     

When do market games have transferable utility?

A pure exchange economy generates a “market game” in which the allocations achievable by any coalition are determined by the initial endowments of its members. Subject to certain regularity conditions, it is shown that for a market game it is possible to find utility representations for each consumer so that the game can be treated as a game with transferable utility if and only if indirect utility of all consumers can be represented in the Gorman polar form. This is the class for which aggregate demand behaves as if it were the demand of a single consumer.     

Industrial Relations in Transition Economies: Emergent Industrial Relations Institutions in Bulgaria

East European societies currently in transition to market economies are creating new structures for industrial relations. Transition has ambiguous effects upon the relations between industrial relations institutions and the state. On the one hand, economic pluralism implies separation between state and economy and 'depoliticization'. On the other, economic crises and threats to social order require co-operation between state and unions. The influence of the state is greater because of the embryonic form of employer organization and enterprise-level management. This paper examines the political and economic contexts of industrial relations in Bulgaria, as an example of one type of 'constrained' collective bargaining system. The paper emphasizes continuities between the communist and post-communist period, and the central role of trade unions in the transition process.     

An eclectic theory of the choice of international entry mode

The choice of entry mode into a foreign market has a major impact on the success of a firm's international operations. However, the existing literature on the entry mode decision has either presented a list of considerations without identifying underlying constructs, or treated each entry decision in isolation. Here, a unifying framework is developed. This framework identifies three underlying constructs that influence the entry mode decision. These constructs are linked to considerations that have been previously discussed in the literature. It is argued that a firm's choice of entry mode depends on the strategic relationship the firm envisages between operations in different countries. A particular entry decision cannot be viewed in isolation. It must be considered in relation to the overall strategic posture of the firm. Further, the paper argues that different variables often suggest different entry modes, and that resolving these differences involves accepting trade-offs.     

Book Reviews

Miyohei Shinohara and Fu-Chen Lo (eds), Global Adjustment and the Future of Asian-Pacific Economy, Kuala Lumpur and Tokyo: Asian and Pacific Development Centre and Institute of Developing Economies, 1989, pp. 585 + xxi, npg.

Frank J. Costa, Ashok K. Dutt, Laurence J.C. Ma and Allen G. Noble, Urbanization in Asia: Spatial Dimensions and Policy Issues, Honolulu: University of Hawaii Press, 1989. US$44.

W. de Jong and F. van Steenbergen, Town and Hinterland in Central Java, Jogyakarta: Gadjah Mada University Press, 1987, pp. 250 + iv. Paper: Rp 7,000.

Bruce Mckern and Praipol Koomsup (eds), The Minerals Industries of Asean and Australia: Problems and Prospects, Sydney: Allen and Unwin, 1987, pp. 378 + xviii. Paper: $29.95.

Bruce Mckern and Praipol Koomsup (eds), Minerals Processing in the Industrialisation of Asean and Australia, Sydney: Allen and Unwin, 1988, pp. 388 + xvii. Paper: $29.95.

Mohamed Ariff and Tan Loong-Hoe (eds), The Uruguay Round: Asean Trade Policy Options, Singapore: Institute of Southeast Asian Studies, 1988, pp. 211 + xvi.

William R. Cline, The Future of World Trade in Textiles and Apparel, Institute for International Economics, Washington, 1987, pp. 325 + xiv. US$20.

Peter Drysdale, International Economic Pluralism: Economic Policy in East Asia and the Pacific, Sydney: Allen and Unwin, 1988, pp. 294. Paper $20; Cloth: $30.

Helen Hughes (ed.), Achieving Industrialization in East Asia, Cambridge: Cambridge University Press, 1988, pp. 377 + xviii. $59.50.

BRIEFLY NOTED: J. C. Conroy, Shelter for the Homeless: Asian-Pacific Needs and Australian Responses, Canberra: Australian Council for Overseas Aid Development Dossier No 22,1987, pp. 141 + vi.     

Book Reviews

Richard Higgott and Richard Robison (eds), Southeast Asia: Essays in the Political Economy of Structural Change, London: Routledge & Kegan Paul, 1985. £18.00 (cloth)

John Wong, The Political Economy of China's Changing Relations with Southeast Asia, London: Macmillan Press, 1984, pp. xvi + 246.

Sumitro Djojohadikusumo, Perdagangan dan Industri dalam Pembangunan [Trade and Industry in Development], Jakarta: LP3ES, 1985, pp. 133.Thee Kian Wie

Masyarakat Indonesia, 12(3), Jakarta: LIPI, December, 1985. Special issue edited by Thee Kian Wie, entitled 'Kaitan-Kaitan Vertikal Antar-perusahaan dan Pengembangan Sistem Subkontraktor di Indonesia: Beberapa Studi Kasus' [Vertical Linkages between Firms and the Development of the Subcontracting System in Indonesia: Several Case Studies].

D. B. G. Denoon, Devaluation under Pressure: India, Indonesia and Ghana, Cambridge, Mass: MIT Press, 1986, pp. xi + 260. US$28.75

John W. Mellor and Gunvant M. Desai (eds). Agricultural Change and Rural Poverty, Baltimore: The Johns Hopkins University Press, 1985, pp. xix + 233. US$27.45.

'Indonesia's Transmigration Programme: A Special Report', The Ecologist, Vol. 16, No. 2/3, 1986. £4.00     

Book Reviews

Moh Arsyad Anwar (ed.), Prospek dan Permasalahan Ekonomi Indonesia 1985/86 [The Indonesian Economy in 1985/86: Prospects and Problems], Jakarta: Sinar Harapan (for the Fakultas Ekonomi Universitas Indonesia), 1985, pp. 383.

Michael T. Skully (ed.), Financial Institutions and Markets in South-East Asia: A Study of Brunei, Indonesia, Malaysia, Philippines, Singapore and Thailand, London: Macmillan, 1984, pp. xviii + 411. $72.00 (cloth).

Philip M. Hauser, Daniel B. Suits and Naohiro Ogawa (eds), Urbanization and Migration in ASEAN Development, Tokyo: National Institute for Research Advancement, 1985. $25.00 (paper).

John P. Lea and John M. Courtney (eds), Cities in Conflict: Studies in the Planning and Management of Asian Cities, Washington D.C.: The World Bank, 1985.

Gavin W. Jones (ed.), Women in the Urban and Industrial Workforce: Southeast and East Asia, Development Studies Centre Monograph No. 33. Canberra: The Australian National University, 1984, pp. xi + 435.

G. Chandler, Market Trade in Rural Java, Monash Papers on Southeast Asia No. 11, Centre of Southeast Asian Studies, Monash University, 1984, pp. xii + 198.

Jan Breman, Control of Land and Labour in Colonial Java, Verhandelingen van het Koninklijk Instituut voor Taal-, Land- en Volkenkunde No. 101, Dordrecht: Foris, 1983, pp. xi = 159. Dfl 40 (paper).