 | This biographical article is written like a résumé .(March 2024) |
Peter Bogetoft (b. 1957) is a Danish author, economist and professor in the Department of Economics at Copenhagen Business School. He is recognized for his significant contributions to applied microeconomics and managerial economics.
Bogetoft earned his doctoral degree, Dr. merc. (dr.hab.), from Copenhagen Business School in 1994. He holds a master's degree (M.Sc.) in Mathematical Economics from the University of Aarhus. Bogetoft serves as a Full Professor (chair) in Applied Microeconomics at CBS since 2007. Prior to this, he held a position in Managerial Economics at the University of Copenhagen from 1995 to 2007. Bogetoft has supervised over 20 Ph.D. theses on various subjects related to ethical accounting, productivity analysis, decision support systems, contracting theory, and industrial organization. [1] [2]
Bogetoft has held leadership positions, including Center Leader at the Foundation of Electronic Markets CFEM (2010–2016) and Head of Economic Section at the Royal Veterinary and Agricultural University (1996–1997). He has been involved in numerous research projects and has received grants from notable institutions such as the Rockwool Foundation, Independent Research Fund Denmark, Danish Industry Foundation etc. [3]
Microeconomics is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms. Microeconomics focuses on the study of individual markets, sectors, or industries as opposed to the national economy as a whole, which is studied in macroeconomics.
In economics and business decision-making, a sunk cost is a cost that has already been incurred and cannot be recovered. Sunk costs are contrasted with prospective costs, which are future costs that may be avoided if action is taken. In other words, a sunk cost is a sum paid in the past that is no longer relevant to decisions about the future. Even though economists argue that sunk costs are no longer relevant to future rational decision-making, people in everyday life often take previous expenditures in situations, such as repairing a car or house, into their future decisions regarding those properties.
In economics, elasticity measures the responsiveness of one economic variable to a change in another. If the price elasticity of the demand of something is -2, a 10% increase in price causes the quantity demanded to fall by 20%. Elasticity in economics provides an understanding of changes in the behavior of the buyers and sellers with price changes. There are two types of elasticity for demand and supply, one is inelastic demand and supply and the other one is elastic demand and supply.
Vernon Lomax Smith is an American economist and professor of business economics and law at Chapman University. He was formerly a professor of economics at the University of Arizona, professor of economics and law at George Mason University, and a board member of the Mercatus Center. Along with Daniel Kahneman, Smith shared the 2002 Nobel Memorial Prize in Economic Sciences for his contributions to behavioral economics and his work in the field of experimental economics. He worked to establish 'laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms'.
From a legal point of view, a contract is an institutional arrangement for the way in which resources flow, which defines the various relationships between the parties to a transaction or limits the rights and obligations of the parties.
The Bachelor of Business Administration (BBA), Bachelor of Science in Business Administration, or Bachelor of Arts in Business Administration is a bachelor's degree in business administration awarded by colleges and universities after completion of four years and typically 120 credits of undergraduate study in the fundamentals of business administration, usually including advanced courses in business analytics, business communication, corporate finance, financial accounting, macroeconomics, management, management accounting, marketing, microeconomics, strategic management, supply chain management, and other key academic subjects associated with the academic discipline of business management.
Managerial economics is a branch of economics involving the application of economic methods in the organizational decision-making process. Economics is the study of the production, distribution, and consumption of goods and services. Managerial economics involves the use of economic theories and principles to make decisions regarding the allocation of scarce resources. It guides managers in making decisions relating to the company's customers, competitors, suppliers, and internal operations.
James Gardner March was an American political scientist, sociologist, and economist. A professor at Stanford University in the Stanford Graduate School of Business and Stanford Graduate School of Education, he is best known for his research on organizations, his seminal work on A Behavioral Theory of the Firm, and the organizational decision making model known as the Garbage Can Model.
Data envelopment analysis (DEA) is a nonparametric method in operations research and economics for the estimation of production frontiers. DEA has been applied in a large range of fields including international banking, economic sustainability, police department operations, and logistical applications Additionally, DEA has been used to assess the performance of natural language processing models, and it has found other applications within machine learning.
Michael Cole Jensen was an American economist who worked in the area of financial economics. Between 2000 and 2009 he worked for the Monitor Company Group, a strategy-consulting firm which became "Monitor Deloitte" in 2013. Until 2000, he held the position of Jesse Isidor Straus Professor of Business Administration at Harvard University.
A Bachelor of Economics is an academic degree awarded to students who have completed undergraduate studies in economics. Specialized economics degrees are also offered as a "tagged" BA (Econ), BS (Econ) / BSc (Econ), BCom (Econ), and BSocSc (Econ), or variants such as the "Bachelor of Economic Science".
Economics education or economic education is a field within economics that focuses on two main themes:
Business economics is a field in applied economics which uses economic theory and quantitative methods to analyze business enterprises and the factors contributing to the diversity of organizational structures and the relationships of firms with labour, capital and product markets. A professional focus of the journal Business Economics has been expressed as providing "practical information for people who apply economics in their jobs."
Microfoundations are an effort to understand macroeconomic phenomena in terms of economic agents' behaviors and their interactions. Research in microfoundations explores the link between macroeconomic and microeconomic principles in order to explore the aggregate relationships in macroeconomic models.
Étienne Wasmer is a French professor and economist currently holding a Professorship at New York University in Abu Dhabi. Wasmer mainly focuses on the fields of labor economics, job search theory, discrimination and human capital. He teaches microeconomics and labor economics.
In economics, the marginal product of labor (MPL) is the change in output that results from employing an added unit of labor. It is a feature of the production function and depends on the amounts of physical capital and labor already in use.
Nicolai Juul Foss is a Danish organizational theorist, and scholar of entrepreneurship and strategy. He is currently a professor at the Copenhagen Business School where he has spent most of his career. Foss' main contribution to organization theory is through the micro-foundational perspective in organization theory and management—examining how individual behaviors aggregate to affect the behavior of larger groups and organizations. He was created a Knight of the Order of the Dannebrog in 2015.
Peter Mark Pruzan is a Danish organizational theorist, management consultant, and Emeritus Professor of Systems Science at the Department of Management, Politics & Philosophy at the Copenhagen Business School (CBS) in Denmark. Pruzan is known for work on corporate governance and values-based leadership. He became a naturalized Danish citizen in 1973.
Workplace democracy is the application of democracy in various forms to the workplace, such as voting systems, debates, democratic structuring, due process, adversarial process, and systems of appeal. It can be implemented in a variety of ways, depending on the size, culture, and other variables of an organization.
Serden Özcan is a professor and holder of the Otto Beisheim Endowed Chair of Innovation and Corporate Transformation at the WHU – Otto Beisheim School of Management in Vallendar near Koblenz. During the 2017/2018 academic year the Chair of Innovation and Corporate Transformation moved from Vallendar to Düsseldorf.
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