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The Economics of Increasing Returns

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Author Info
Heal, G.M.

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Abstract

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.

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Publisher Info
Paper provided by Columbia - Graduate School of Business in its series Papers with number 97-20.

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Length: 19 pages
Date of creation: 1997
Date of revision:
Handle: RePEc:fth:colubu:97-20

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Postal: U.S.A.; COLUMBIA UNIVERSITY, GRADUATE SCHOOL OF BUSINESS, PAINE WEBBER , New York, NY 10027 U.S.A
Phone: (212) 854-5553
Web page: http://www.columbia.edu/cu/business/
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Related research
Keywords: ECONOMIES OF SCALE;

Find related papers by JEL classification:
D24 - Microeconomics - - Production and Organizations - - - Production; Capital and Total Factor Productivity; Capacity

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  1. 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. [Downloadable!]
    Other versions:
  2. Graciela Chichilnisky & Olga Gorbachev, 2004. "Volatility in the knowledge economy," Discussion Papers 0304-13, Columbia University, Department of Economics. [Downloadable!]
    Other versions:
  3. 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. [Downloadable!]
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This page was last updated on 2009-11-6.


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