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Increasing Returns and Efficiency

Increasing Returns and Efficiency
Author: Martine Quinzii
Publisher: Oxford University Press
Total Pages: 174
Release: 1993-01-07
Genre: Business & Economics
ISBN: 0195362241

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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 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.


Equilibrium and Efficiency in Production Economies

Equilibrium and Efficiency in Production Economies
Author: Antonio Villar
Publisher: Springer Science & Business Media
Total Pages: 283
Release: 2012-12-06
Genre: Business & Economics
ISBN: 3642596703

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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.


Economies of Scale

Economies of Scale
Author: Fouad Sabry
Publisher: One Billion Knowledgeable
Total Pages: 322
Release: 2024-01-20
Genre: Business & Economics
ISBN:

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What is Economies of Scale In microeconomics, economies of scale are the cost advantages that enterprises obtain due to their scale of operation, and are typically measured by the amount of output produced per unit of time. A decrease in cost per unit of output enables an increase in scale. At the basis of economies of scale, there may be technical, statistical, organizational or related factors to the degree of market control. This is just a partial description of the concept. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Economies of scale Chapter 2: Natural monopoly Chapter 3: Perfect competition Chapter 4: Piero Sraffa Chapter 5: Cost-of-production theory of value Chapter 6: Economies of scope Chapter 7: Monopoly Chapter 8: Economies of agglomeration Chapter 9: Marginal cost Chapter 10: Production-possibility frontier Chapter 11: Average cost Chapter 12: Returns to scale Chapter 13: Cost curve Chapter 14: New trade theory Chapter 15: Prices of production Chapter 16: Long run and short run Chapter 17: Tendency of the rate of profit to fall Chapter 18: Okishio's theorem Chapter 19: Minimum efficient scale Chapter 20: Ricardian economics Chapter 21: Socially optimal firm size (II) Answering the public top questions about economies of scale. (III) Real world examples for the usage of economies of 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 Economies of Scale.


Increasing Returns and Economic Efficiency

Increasing Returns and Economic Efficiency
Author: Y. Ng
Publisher: Springer
Total Pages: 213
Release: 2009-04-30
Genre: Business & Economics
ISBN: 0230236812

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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.


Profitability, Mechanization and Economies of Scale

Profitability, Mechanization and Economies of Scale
Author: Dudley Jackson
Publisher: Routledge
Total Pages: 334
Release: 2018-10-03
Genre: Business & Economics
ISBN: 0429821328

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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.


Minimum Efficient Scale

Minimum Efficient Scale
Author: Fouad Sabry
Publisher: One Billion Knowledgeable
Total Pages: 295
Release: 2024-02-04
Genre: Business & Economics
ISBN:

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What is Minimum Efficient Scale In the context of industrial organization, the effective scale of production, also known as the minimum efficient scale (MES), refers to the lowest point at which a plant is capable of producing in such a way that its long-term average costs are minimized. Additionally, it is the point at which the company is able to acquire the economies of scale that are necessary for it to effectively compete within the market sector. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Minimum efficient scale Chapter 2: Economies of scale Chapter 3: Monopoly Chapter 4: Perfect competition Chapter 5: Profit maximization Chapter 6: Price elasticity of demand Chapter 7: Economies of scope Chapter 8: Marginal cost Chapter 9: Average cost Chapter 10: Marginal product Chapter 11: Diminishing returns Chapter 12: Returns to scale Chapter 13: Marginal revenue Chapter 14: Marginal revenue productivity theory of wages Chapter 15: Lerner index Chapter 16: Cost curve Chapter 17: Supply (economics) Chapter 18: Marginal product of labor Chapter 19: Socially optimal firm size Chapter 20: Robinson Crusoe economy Chapter 21: Monopoly price (II) Answering the public top questions about minimum efficient scale. (III) Real world examples for the usage of minimum efficient 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 Minimum Efficient Scale.