Decreasing returns to scale
Frontier Visualization for Nonconvex Models with Increasing and Decreasing Returns to Scale with the Use of Enumeration Methods
... This paper is structured as follows. Section 2 provides some basic definitions of the convex and less widely applied nonconvex technologies. Section 3 presents two algorithms of frontier visualization for non-convex ...
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The returns to scale analysis in the basic industry enterprises in the Slovak Republic
... During the analysed period, there was estimated the most numerous group of companies which were located in the area of decreasing returns to Scale (DrS). This estimation confirmed that the total ...
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Robust Comparative Statics in Contests
... assumes decreasing returns to scale, and invokes the Implicit Function ...strictly decreasing in the value of the prize when the contest technology exhibits increasing returns to ...
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Decreasing returns, patent licensing and price reducing taxes
... We carry out our analysis in a Cournot duopoly where the competing firms have a produc- tion technology that exhibits decreasing returns to scale. One of the firms has a patent on a cost-reducing ...
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Capital Income Tax, Linear R&D Technology, and Economic Growth
... The present paper contributes to the literature on supporting positive capital income taxation in an endogenous growth model. The analysis is closely related to the analyses in Young (1998), Dinopoulos and Thompson ...
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Gross_Verani_Trade_OnlineAppendix.pdf
... While iceberg costs are pervasive in the international trade literature, the existence of unit- costs of trade cannot be ruled out. For instance, Hummels and Skiba (2004) and Irarrazabal, Moxnes, and Opromolla (2011) ...
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Global endogenous growth and distributional dynamics
... mild decreasing marginal returns we can have long run growth if a diffusion induced bifurcation is ...display decreasing returns to ...
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A note on concavity, homogeneity and non increasing returns to scale
... non-increasing returns to scale, is increasing and quasiconcave, then it is ...displays decreasing returns to scale and if either it is increasing or if 0 is in its domain, then it is ...
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Social efficiency of entry in a vertically related industry
... constant returns to scale technology but it can be socially excessive if the cost of entry is ...by decreasing returns to scale ...
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Foreign Direct Investment and Civil Rights: Testing Decreasing Returns to Civil Rights
... 7 scale), which could help provide a more precise and detailed estimation of marginal increases in FDI inflows due to improvements in the scope of political rights of a ...
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Financial and Product Market Integration under Increasing Returns to Scale
... The impact of financial integration and product market integration is studied in a general equilibrium model with increasing returns in both the manufacturing sector and the financial sector. Firms engage in ...
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Technical efficiency in public hospitals in Kenya
... Results indicated that 50% of the hospitals were Constant Returns to Scale technically efficient with a mean efficiency score of 80.6% while 66.6% of the hospitals were Variable Returns [r] ...
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The Corporate Income Tax: An Entrepreneurial Perspective
... under the assumption of decreasing returns to internal capital and entrepreneurial work, the optimal employment of these two factors must decline in response to corporate taxation based [r] ...
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Estimating right and left returns to scales in data envelopment analysis: A new approach
... left returns to scales has been presented by Hadjicostas and Soteriou ...productive scale size with stochastic data in DEA ...estimating returns to scale in imprecise DEA was introduced by ...
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Verification of the Returns to Scale of Production Type for the Russian Federation Regions
... In this article, a new methodology is used to verify the constancy of returns to scale for specific Russian regions as well as for all Russian regions as a whole. The proposed verification methods are based ...
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APPLICATION OF RESTRICTED LEAST SQUARES TO ECONOMETRIC DATA
... (Faliva and Zoia 2000): In this paper a novel partitioned inversion formula is obtained in terms of the orthogonal complements of off-diagonal blocks, with the emblematic matrix of unit-root econometrics springing up as ...
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Solow Swan growth model and the fortunes of the commons
... private returns from private capital investment maybe diminishing, if the investment has a spillover effect, then the social returns to capital may be higher and possible ...
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Constant returns to scale and economic theories of value
... constant returns to ...constant returns to ...constant returns to scale in ...constant returns to scale is significant because it constitutes a line of demarcation between ...
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The returns to scale effect in labour productivity growth
... constant returns to ...of returns to scale in the underlying technology, which captures the curvature of the production ...the returns to scale ...
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The role of NAFTA and returns to scale in export duration
... three returns–to–scale product types are affected differently for each member by the onset of ...every returns–to–scale type product exported by the ...increasing returns to scale ...
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