Increasing returns and efficiency
著者
書誌事項
Increasing returns and efficiency
Oxford University Press, 1992
- タイトル別名
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Rendements croissants et efficacité économique
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注記
Translation of: Rendements croissants et efficacité économique
Includes bibliographical references (p. 155-159) and index
内容説明・目次
内容説明
Increasing returns to scale is an area in economics that is becoming more important in the literature. The economic phenomenon of increasing returns presents serious conceptual difficulties for the traditional competitive theory of resource allocation. While most firms exhibit constant or decreasing returns to scale, some firms manufacture products whose technology permits increasing returns to scale that are large relative to the market. These goods are an
important component of economic activity in a modern economy and are typically commodities produced either by a public sector or, as in the US, by regulated utilities. The author analyses increasing returns using general equilibrium theory to take into account the interactions between production in the
public and the private sectors and the effects of financing the public sector on the redistribution of income.
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