Search results for "Diminishing returns"
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Hospital performance: Efficiency or quality? Can we have both with IT?
2015
This paper explores influence of IT investment on hospital efficiency and quality.There is a direct effect of IT investment on service quality in hospitals.There is a moderating effect of quality on operational efficiency in hospitals.There is a U-shaped relationship between IT investments and operational efficiency.IT investments have diminishing returns beyond a certain point. The influence of IT investment on hospital efficiency and quality are of great interest to healthcare executives as well as insurers. Few studies have examined how IT investments influence both efficiency and quality or whether there is an optimal IT investment level that influences both in the desired direction. De…
Sraffa and the problem of returns: a view from the Sraffa archive
2022
About a quarter of a century ago, Carlo Panico and one of the authors of this chapter published a paper on ‘Sraffa, Marshall and the problem of returns’ (EJHET 1994) in which they explored links between Sraffa’s mid-1920s critique of Marshallian economics and the analysis developed some 35 years later in Production of Commodities. The 1994 contribution focused exclusively on Sraffa’s published works since his unpublished manuscripts were not yet freely accessible. With the benefit of hindsight, it may be claimed that Sraffa was a scholar who, during his lifetime, published little but wrote a lot (Kurz, 2008). Hence, when in December 1994 Trinity College Cambridge, UK, opened the Sraffa Arch…