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Average-cost Pricing, Increasing Returns, and Optimal Output: Comparing Home and Market Production

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  • Yew-Kwang Ng

    ()

  • Dingsheng Zhang

    ()

Abstract

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Suggested Citation

  • 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.
  • Handle: RePEc:kap:jeczfn:v:90:y:2007:i:2:p:167-192
    DOI: 10.1007/s00712-006-0229-z
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    File URL: http://hdl.handle.net/10.1007/s00712-006-0229-z
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    References listed on IDEAS

    as
    1. Heal, G.M., 1997. "The Economics of Increasing Returns," Papers 97-20, Columbia - Graduate School of Business.
    2. Paul Krugman, 1982. "Trade in Differentiated Products and the Political Economy of Trade Liberalization," NBER Chapters,in: Import Competition and Response, pages 197-222 National Bureau of Economic Research, Inc.
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    Cited by:

    1. Zhang, Dingsheng & Cheng, Wenli & Ng, Yew-Kwang, 2013. "Increasing returns, land use controls and housing prices in China," Economic Modelling, Elsevier, vol. 31(C), pages 789-795.
    2. Dingsheng Zhang & Wenli Cheng & Yew-Kwang Ng, 2012. "Increasing Returns, Land Use Controls and Housing Prices," Monash Economics Working Papers 12-14, Monash University, Department of Economics.
    3. Andreas Wagener, 2010. "Ng, Y.-K.: Increasing returns and economic efficiency," Journal of Economics, Springer, vol. 100(1), pages 85-89, May.

    More about this item

    Keywords

    increasing returns; average-cost pricing; monopolistic competition; home production; optimal output; fixed costs; D43; H21; L11;

    JEL classification:

    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms

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