Increasing Returns and Efficiency

Hardcover | April 30, 1999

byMartine Quinzii

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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 exhibitsincreasing 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, theauthor 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.

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From the Publisher

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 exhibitsincreasing returns to scale at levels of production w...

From the Jacket

Increasing returns to scale is an area in economics that has recently attracted much attention. The commodities produced with technology exhibiting increasing returns constitute an important component of economic activity in a modern economy. They are typically commodities produced either by a public sector or, as in the United States,...

Martine Quinzii is at University of California, Davis.
Format:HardcoverDimensions:176 pages, 9.57 × 6.3 × 0.79 inPublished:April 30, 1999Publisher:Oxford University Press

The following ISBNs are associated with this title:

ISBN - 10:0195065530

ISBN - 13:9780195065534

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