Increasing Returns and Economic Efficiency

Name: Increasing Returns and Economic Efficiency
Brand: Oxford University Press Inc
SKU: 9780195065534
Price: 54.9 EUR
Availability: InStock

Autor: Martine Quinzii

Jazyk:

Väzba: Pevná

Vydavateľ: Oxford University Press Inc

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Increasing returns to scale is an area in economics that is becoming more important in the literatur...

Informácie o knihe

Autor

Martine Quinzii

Jazyk

Angličtina

Väzba

Kniha - Pevná

Vydalo

1993

Stránok

174

EAN

9780195065534

ISBN

0195065530

Enbook ID

04512761

Vydavateľ

Oxford University Press Inc

Hmotnosť

416

Rozmery

161 x 242 x 19

Kompletný popis

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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Increasing Returns and Economic Efficiency

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