Reconsideration of the Theory of Non-Linear Scale Effects e-bog
165,78 DKK
(inkl. moms 207,22 DKK)
The main thrust of this Element is a critical assessment of the theory and evidence concerning the sources of scale effects. It is argued that the analysis of static scale effects is important because scale effects are embedding in our world, and new technologies associated with an evolving economy often allow their exploitation when they cannot be exploited in less technically advanced and sma...
E-bog
165,78 DKK
Forlag
Cambridge University Press
Udgivet
28 marts 2018
Genrer
Economics
Sprog
English
Format
pdf
Beskyttelse
LCP
ISBN
9781108561907
The main thrust of this Element is a critical assessment of the theory and evidence concerning the sources of scale effects. It is argued that the analysis of static scale effects is important because scale effects are embedding in our world, and new technologies associated with an evolving economy often allow their exploitation when they cannot be exploited in less technically advanced and smaller economies. So, although static equilibrium theory is not a good vehicle for studying economic growth, showing how scale effects operate when output varies with given technology helps us to understand the scale effects that occur when output rises as a result of economic growth, even though that is typically driven by technological change.