The General Case: Decreasing Returns to Scale
A Note on Strategic Delegation: The Role of Decreasing Returns to Scale
... Aitor Ciarreta Universidad del Pais Vasco Abstract We build a model of optimal design of managerial incentive schemes when the production technology exhibits decreasing returns to scale and firms ...
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Liquidity Management with Decreasing-returns-to-scale and Secured Credit Line.
... Liquidity Management with Decreasing-returns-to-scale and Secured Credit Line. Erwan Pierre ∗ St´ ephane Villeneuve † Xavier Warin ‡ Abstract: This paper examines the dividend and investment ...
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Frontier Visualization for Nonconvex Models with Increasing and Decreasing Returns to Scale with the Use of Enumeration Methods
... Point Z 15 is situated very close to the line NIRS, so it exhibits decreasing RTS. Conclusions Our work develops an approach for visualization of FDH frontier with increasing and decreasing returns ...
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Decreasing returns, patent licensing and price reducing taxes
... exhibits decreasing returns to ...with decreasing returns to generate certain counter-intuitive effects which are absent under constant ...of decreasing returns. As a result ...
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APPENDIX A RETURNS TO SCALE
... Definition: The production technology exhibits Non Increasing Returns to Scale (NIRS), Constant Returns to Scale (CRS) or Non Decreasing Returns to Scale (NDRS) if[r] ...
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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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Successive oligopolies and decreasing returns
... linear case, it turns out that several fea- tures are different from those observed under constant ...under decreasing returns than under constant returns, reflecting the fact that the cost ...
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Networks with decreasing returns to linking
... special case of the model presented in this paper: there are constant returns to ...of decreasing returns to linking. In general the bigger the population the larger the number of ...
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Successive oligopolies and decreasing returns
... linear case, it turns out that several fea- tures are different from those observed under constant ...under decreasing returns than under constant returns, reflecting the fact that the cost ...
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Concentration of research funding leads to decreasing marginal returns
... Both in terms of the quantity of papers produced and of their scientific impact, the concentration of research funding in the hands of a so-called ‘elite’ of researchers produces diminishing marginal returns. From ...
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Indivisible labor supply and involuntary unemployment: Increasing returns to scale case
... We show the existence of involuntary unemployment without assuming wage rigidity. Key points of our analysis are indivisibility of labor supply and increasing returns to scale. We derive involuntary ...
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Markups, returns to scale, and productivity : a case study of Singapore's manufacturing sector
... Controlling for input endogeneity and survival probability of firms in the industries, the estimated markup of an average industry in the sector is around 1.4, while production[r] ...
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Returns to scale in convex production technologies
... The above development rigorously shows that closed convex technologies and, in partic- ular, all polyhedral technologies are theoretically similar to the conventional VRS model. This result has an important practical ...
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Exploring the Returns-to-Scale in Food Preparation
... that returns to scale in food preparation strengthen rather than resolve their ...times, returns to scale in food preparation are a potential explanation of the Deaton-Paxson ...the ...
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Capital Tax Competition and Returns to Scale
... the value of its marginal product a¤ects the equilibrium capital tax rates, but not the e¢ciency of the resulting allocation when regions are symmetric. In particular, regions have an incentive to subsidize capital only ...
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Technological returns to scale: Identification and visualization
... technological returns to scale ...and decreasing sections of the ...and/or decreasing sections of the frontier, the closer TRTS is to the increasing and/or decreasing form of ...and ...
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Foreign Direct Investment and Civil Rights: Testing Decreasing Returns to Civil Rights
... Given this, potential foreign investors will prefer to invest in more-decisive polities if those governments are implementing or committing to market-oriented reforms. This is precisely the case of Latin America ...
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The Cournot-Bertrand Profit Differential in a Differentiated Duopoly with Unions and Labour Decreasing Returns
... ii) equilibrium Cournot profits are more sensitive to the level of bargained wage than are Bertrand profits. However, CL&N also stress that “[T]he force of these arguments is strong enough to overturn the standard result ...
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The Cournot-Bertrand profit differential in a differentiated duopoly with unions and labour decreasing returns
... Although a full understanding of our finding deserves a deeper investi- gation, a first tentative explanation can be provide referring to the CL&N’s results. In particular, CL&N establish that the possibility of the ...
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Profits and Competition in a Unionized Duopoly Model with Product Differentiation and Labour Decreasing Returns
... labour decreasing returns, when wages are exogenously determined, the standard result that firms’ profits always decrease when competition increases ...a case, when product differentiation decreases, ...
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