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Efficiency Under Increasing Returns
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Book Synopsis Increasing Returns and Efficiency by : Martine Quinzii
Download or read book Increasing Returns and Efficiency written by Martine Quinzii and published by Oxford University Press. This book was released on 1993-01-07 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: Increasing returns to scale is an area in economics that has recently become the focus of much attention. While most firms operate under constant or decreasing return to scale on their relevant range of production, some firms produce goods or services with a technology which exhibits increasing returns to scale at levels of production which 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 U.S., by regulated utilities. In this study, the author analyzes increasing returns using general equilibrium theory to take into account the interactions between production in the public and the private sector, and the effects of financing the public sector on the redistribution of income.
Book Synopsis Efficiency Under Increasing Returns by : Walter P. Heller
Download or read book Efficiency Under Increasing Returns written by Walter P. Heller and published by . This book was released on 1993 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Returns To Scale written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-02-04 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Returns To Scale In the field of economics, the concept of returns to scale is a concept that emerges within the setting of the production function of a company. It provides an explanation for the long-term relationship between increases in output (production) and accompanying increases in inputs. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Returns to scale Chapter 2: Economies of scale Chapter 3: Growth accounting Chapter 4: Elasticity (economics) Chapter 5: Marginal cost Chapter 6: Cobb-Douglas production function Chapter 7: Production-possibility frontier Chapter 8: Production function Chapter 9: Average cost Chapter 10: Marginal product Chapter 11: Diminishing returns Chapter 12: Isoquant Chapter 13: Output elasticity Chapter 14: Cost curve Chapter 15: Production set Chapter 16: Constant elasticity of substitution Chapter 17: Supply (economics) Chapter 18: Production (economics) Chapter 19: Marginal product of capital Chapter 20: Risk premium Chapter 21: Marginal product of labor (II) Answering the public top questions about returns to scale. (III) Real world examples for the usage of returns to scale in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Returns To Scale.
Book Synopsis Efficiency in economies with increasing returns by : Georg Tillmann
Download or read book Efficiency in economies with increasing returns written by Georg Tillmann and published by . This book was released on 1980 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Increasing Returns and Economic Efficiency by : Y. Ng
Download or read book Increasing Returns and Economic Efficiency written by Y. Ng and published by Springer. This book was released on 2009-04-30 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recognizing increasing returns disrupts much of the established wisdom in economic analysis, making money non-neutral, equity conflict with freedom, and encouraging goods with increasing returns efficient. This book discusses these problems and ways they can be handled, helping to explain phenomena in the real world.
Book Synopsis ˜Aœ simple note to the problem of efficiency and increasing returns by : Georg Tillmann
Download or read book ˜Aœ simple note to the problem of efficiency and increasing returns written by Georg Tillmann and published by . This book was released on 1983 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Diminishing Returns by : Fouad Sabry
Download or read book Diminishing Returns written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-03-29 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Diminishing Returns In economics, diminishing returns are the decrease in marginal (incremental) output of a production process as the amount of a single factor of production is incrementally increased, holding all other factors of production equal. The law of diminishing returns states that in productive processes, increasing a factor of production by one unit, while holding all other production factors constant, will at some point return a lower unit of output per incremental unit of input. The law of diminishing returns does not cause a decrease in overall production capabilities, rather it defines a point on a production curve whereby producing an additional unit of output will result in a loss and is known as negative returns. Under diminishing returns, output remains positive, but productivity and efficiency decrease. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Diminishing returns Chapter 2: Profit maximization Chapter 3: Marginal cost Chapter 4: Cobb-Douglas production function Chapter 5: Production function Chapter 6: Marginal product Chapter 7: Isoquant Chapter 8: Returns to scale Chapter 9: Marginal revenue Chapter 10: Backpropagation Chapter 11: Marginal revenue productivity theory of wages Chapter 12: Cost curve Chapter 13: Solow-Swan model Chapter 14: Supply (economics) Chapter 15: Bootstrapping (finance) Chapter 16: Production (economics) Chapter 17: Marginal product of capital Chapter 18: Marginal product of labor Chapter 19: Marginal utility Chapter 20: AK model Chapter 21: Robinson Crusoe economy (II) Answering the public top questions about diminishing returns. (III) Real world examples for the usage of diminishing returns in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Diminishing Returns.
Book Synopsis The Economics of Increasing Returns by : Geoffrey M. Heal
Download or read book The Economics of Increasing Returns written by Geoffrey M. Heal and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Increasing returns is the source of some of the most powerful metaphors and intuitions in economics. Foremost among them are Adam Smith's statement that the division of labor is limited by the extent of the market and his discussion of the relationship between scale and economies of specialization in a pin factory. There is a weakness, strictly an error, in Adam Smith's analysis. Two phenomena that he grouped together and saw as integral to economic progress are in fact inconsistent. These are increasing returns with the consequent gains from specialization and the efficiency of the invisible hand. We now know that a society cannot have both, at least if one interprets the efficiency of the invisible hand as the Pareto efficiency of the competitive equilibrium, our only rigorous interpretation. This paper reviews the implications of increasing returns for several areas of economics: resource allocation and welfare economics; the micro foundations of macroeconomics; product variety and imperfect competition; information and information technology; economic growth; international trade. These cover the fields in which increasing returns cause departures from the results otherwise available. These departures are rather significant. Recognizing increasing returns affects the possibility of market equilibrium, can introduce sticky prices, causes economies to lock-in to inefficient technologies and introduce path-dependence, affects the possibility of continuing growth, produces hard problems for regulators, and changes our conception of the effects of international trade. All in all, increasing returns can change quite radically our view of how the economy operates. They make the economy seem more complicated and pose a challenge to our vision of a benign and powerful invisible hand.
Book Synopsis Equity, Efficiency and Increasing Returns by : D. J. Brown
Download or read book Equity, Efficiency and Increasing Returns written by D. J. Brown and published by . This book was released on 1978 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Efficient Resource Allocation Under Increasing Returns by : Rajiv Vohra
Download or read book Efficient Resource Allocation Under Increasing Returns written by Rajiv Vohra and published by . This book was released on 1991 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Increasing Returns and Efficiency by : Martine Quinzii
Download or read book Increasing Returns and Efficiency written by Martine Quinzii and published by . This book was released on 1992 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study analyzes increasing returns to scale using general equilibrium theory to take into account the interactions between production in the public and private sectors. It also explores how the redistribution of income has been effected by financing the private sector.
Book Synopsis Evolutionary Spatial Economics by : Miroslav N. Jovanović
Download or read book Evolutionary Spatial Economics written by Miroslav N. Jovanović and published by Edward Elgar Publishing. This book was released on 2020-01-31 with total page 789 pages. Available in PDF, EPUB and Kindle. Book excerpt: A crucial question in contemporary economics concerns where economic activities will locate and relocate themselves in the future. This comprehensive, innovative book applies an evolutionary framework to spatial economics, arguing against the prevailing neoclassical equilibrium model, providing important concrete and theoretical insights, and illuminating areas of future enquiry.
Book Synopsis Profitability, Mechanization and Economies of Scale by : Dudley Jackson
Download or read book Profitability, Mechanization and Economies of Scale written by Dudley Jackson and published by Routledge. This book was released on 2018-10-03 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1998, this book introduces a new concept of profitability, called the 'efficiency rate of profit', which is defined as the ratio between the unit net margin and the unit capital requirement and shows how the efficiency rate of profit may be used in the assessment of mechanization and economies of scale. The book also shows how the efficiency rate of profit relates to the financial opportunity cost of investment, thus resolving the long-standing controversy over 'interest as a cost'. Using real-world plant-level data, the book explains fully the process of mechanization, how increasing returns to scale works at the plant level through power rule relating plant or equipment cost to capacity and how and why it is more cost effective to combine mechanization with expanding the scale of production in one combined 'package' of efficiency improvement.
Book Synopsis The Increasing Returns and Economic Efficiency by : Yew-Kwang Ng
Download or read book The Increasing Returns and Economic Efficiency written by Yew-Kwang Ng and published by . This book was released on 2003 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Microeconomics of Complex Economies by : Wolfram Elsner
Download or read book The Microeconomics of Complex Economies written by Wolfram Elsner and published by Academic Press. This book was released on 2014-04-15 with total page 599 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Microeconomics of Complex Economies uses game theory, modeling approaches, formal techniques, and computer simulations to teach useful, accessible approaches to real modern economies. It covers topics of information and innovation, including national and regional systems of innovation; clustered and networked firms; and open-source/open-innovation production and use. Its final chapter on policy perspectives and decisions confirms the value of the toolset. Written so chapters can be used independently, the book includes an introduction to computer simulation and pedagogical supplements. Its formal, accessible treatment of complexity goes beyond the scopes of neoclassical and mainstream economics. The highly interdependent economy of the 21st century demands a reconsideration of economic theories. Describes the usefulness of complex heterodox economics Emphasizes divergences and convergences with neoclassical economic theories and perspectives Fits easily into courses on intermediate microeconomics, industrial organization, and games through self-contained chapters
Book Synopsis Increasing returns, efficiency, and the distribution of wealth by : Egbert Dierker
Download or read book Increasing returns, efficiency, and the distribution of wealth written by Egbert Dierker and published by . This book was released on 1986 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Equilibrium and Efficiency in Production Economies by : Antonio Villar
Download or read book Equilibrium and Efficiency in Production Economies written by Antonio Villar and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a substantially revised and enlarged version of the monograph General Equilibrium with Increasing Returns, published by Springer-Verlag as a Lecture Notes volume in 1996. It incorporates new topics and the most recent developments in the field. It also provides a more systematic analysis of the differences between production economies with and without convex production sets. Five out of twelve chapters are new, and most of the remaining ones have been reformulated. An outline of contents appears in chapter 1. As its predecessor, this book contains a formal and systematic exposition of the main results on the existence and efficiency of equilibrium, in production economies where production sets need not be convex. There is an explicit attempt at making of it a suitable reference both for graduate students and researchers interested in theory (not necessarily specialists in mathematical economics). With this twofold purpose in mind, the work has been written according to three key principles: (i) To provide a uhified approach to the problems involved. For that we construct a basic model that is rich enough to encompass the different models appearing throughout, and to derive all the results as coroilaries of a reduced number of general theorems. (ii) To maintain a relatively low mathematical complexity. Thus, when the estimated cost of generality exceeds the benefit of simplicity, we shall state and prove the theorems under assumptions that need not be the most general ones.
