Increasing returns
Increasing returns and stability
... of increasing re- turns to scale because no one wants to be the firm (negative ...decreasing returns to scale because everyone wants to be the firm (positive ...constant returns to scale where (by ...
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On the Informational Requirements of Decentralized Pareto Satisfactory Mechanisms in Economies with Increasing Returns
... unbounded increasing returns to scale, it is impossible to have a non-wasteful informationally decentralized mechanism that has a finite- dimensional message ...arbitrary increasing returns to ...
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Kaldor Verdoorn’s law and increasing returns to scale: a comparison across developed countries
... of increasing returns to scale is a macro phenomenon, since most of the economies of scale are a consequence of the increasing differentiation, of the introduction of new goods, and of new ...
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Infant Mortality and Economic Growth: Modeling by Increasing Returns and Least Squares
... Motivated by an example of Georgiadou and Demetriou [5] concerning analogous data for 1995, we claim that a clear link between IMR and GDPpc is provided by assuming that GDPpc is subject to increasing ...
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Indivisible labor supply and involuntary unemployment: Increasing returns to scale case
... and increasing returns to ...with increasing returns to scale technology and the existence of involuntary ...is increasing with respect to the employment, on the other hand the ...
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Welfare Cost of Inflation: The Role of Price Markups and Increasing Returns to Production Specialization
... on increasing returns to production specialization, obtains a substantial welfare cost of 8% in an endogenous growth model of monopolistic competition with endogenous ...of increasing returns ...
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Welfare Analysis of a Market Model with External Increasing Returns and Differentiated Commodities
... with increasing returns resulting from the positive external effects of pro- duction (hereafter external increasing returns ) have been discussed from both posi- tive and normative points of ...
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Solovian and new growth theory from the perspective of Allyn Young on macroeconomic increasing returns
... But Young did not deny the significance of Marshallian external economies, as is clear from his 1928 presidential address. 4 However, his untimely death (March 1929) prevented him from developing the growth theory ...
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Growth in a Cross Section of Cities: Location, Increasing Returns or Random Growth?
... and increasing returns to scale – are identified with a different set of explanatory factors that describes the effects of the variables on per-capita income and population ...of increasing ...
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Increasing Returns in a Model With Creative and Physical Capital: Does a Balanced Growth Path Exist?
... decreasing returns to ...decreasing returns to ...by increasing returns to knowledge in shaping economic growth in a region but these authors do not formally study the connection between ...
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The importance of increasing returns to scale in the process of agglomeration in Portugal: A non linear empirical analysis
... Hanson, in 1998, taking into account the model of Krugman (1991) and the extent of Thomas (1997) this model, had a good theoretical and empirical contribution to empirically examine, with reduced forms, the relationship ...
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Increasing returns in matching and labour market dynamics: Comments on indeterminacy and search theory
... with increasing returns (ρ = ...constant returns to scale, the stationary solution of the dynamic system is given by a saddle ...displays increasing returns, determinacy fails but - as ...
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Product Market Competition and Economic Growth: The Role of Increasing Returns to Production Specialization
... sitive effect on the balanced growth rate. By contrast, more intense PMC may decrea d growth rate in t ous entry. As shown in (7), higher monopoly power tends to raise profits in equilib- rium, hence creating an ...
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Innovation and growth in the Grossman Helpman’s model with increasing returns: a note
... constant returns to scale and in particular on decreasing returns to ...that increasing returns to scale are widespread in the economy and theoretical studies argue that innovation is one of ...
13
International Trade with Increasing Returns in the Transportation Sector
... internal increasing returns and the choice of technologies are similar to those based on external increasing ...constant returns and average cost in the manufacturing sector may decrease ...
31
Tariff Policy, Increasing Returns and Endogenous Fluctuations
... Before solving the model and doing the quantitative simulations, we brie‡y mention some other papers that are closely related to the contributions of ours. Some of those papers are Cazzavillan (1996), Guo and Lansing ...
31
Optimal Taxation in Dynamic Economies with Increasing Returns
... In addition to the case of Marshallian external increasing returns, we consider the situation in which increasing returns are also generated by the productive public capital. It is revealed ...
26
Financial and Product Market Integration under Increasing Returns to Scale
... With increasing returns in the manufacturing sector, it is assumed that firms producing the same manufactured good engage in Cournot ...capture increasing returns to scale in the financial ...
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Equilibrium and Optimal Fertility with Increasing Returns to Population and Endogenous Mortality
... exhibits increasing returns to population arising from specialization but households face the standard quantity-quality trade-off when deciding how many children they have and how much education these ...
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Special Economic Zones and Agriculture with Increasing Returns
... similar industries to be located together which creates positive externalities leading to consequent increasing returns. 3 So, IRS is brought about external economies of scale. This ‘m’ resource is imported ...
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