The Economics of Increasing Returns
AbstractThis 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.
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Bibliographic InfoPaper provided by Columbia - Graduate School of Business in its series Papers with number 97-20.
Length: 19 pages
Date of creation: 1997
Date of revision:
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Postal: U.S.A.; COLUMBIA UNIVERSITY, GRADUATE SCHOOL OF BUSINESS, PAINE WEBBER , New York, NY 10027 U.S.A
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Web page: http://www.columbia.edu/cu/business/
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- BOBTCHEFF Catherine & GOLLIER Christian & ZECKHAUSER Richard, 2007.
"Resource Allocation when Projects Have Ranges of Increasing Returns,"
LERNA Working Papers
07.03.224, LERNA, University of Toulouse.
- Catherine Bobtcheff & Christian Gollier & Richard Zeckhauser, 2008. "Resource allocations when projects have ranges of increasing returns," Journal of Risk and Uncertainty, Springer, vol. 37(1), pages 93-93, August.
- Catherine Bobtcheff & Christian Gollier & Richard Zeckhauser, 2008. "Resource allocation when projects have ranges of increasing returns," Journal of Risk and Uncertainty, Springer, vol. 37(1), pages 1-33, August.
- Bobtcheff, Catherine & Gollier, Christian & Zeckhauser, Richard, 2008. "Resource Allocation When Projects Have Ranges of Increasing Returns," Working Paper Series rwp08-024, Harvard University, John F. Kennedy School of Government.
- Murty, Sushama, 2010.
"Externalities and fundamental nonconvexities: A reconciliation of approaches to general equilibrium externality modeling and implications for decentralization,"
Journal of Economic Theory,
Elsevier, vol. 145(1), pages 331-353, January.
- Murty, Sushama, 2006. "Externalities and Fundamental Nonconvexities : A Reconciliation of Approaches to General Equilibrium Externality Modelling and Implications for Decentralization," The Warwick Economics Research Paper Series (TWERPS) 756, University of Warwick, Department of Economics.
- Yew-Kwang Ng & Dingsheng Zhang, 2007. "Average-cost Pricing, Increasing Returns, and Optimal Output: Comparing Home and Market Production," Journal of Economics, Springer, vol. 90(2), pages 167-192, March.
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