On the Equivalence of Two Concepts of Returns to Scale
AbstractWe examine the relationship between two widely used concepts of returns to scale at different levels of analysis. We show that while their weak global versions are equivalent, the strict global versions are not so. Versions at a given input vector are never equivalent, which invalidates a result by Ide and Takayama (1987). Copyright Blackwell Publishers Ltd and the Board of Trustees of the Bulletin of Economic Research, 2004.
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Bibliographic InfoArticle provided by Wiley Blackwell in its journal Bulletin of Economic Research.
Volume (Year): 56 (2004)
Issue (Month): 1 (01)
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0307-3378
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