Y. Ng
Increasing Returns and Economic Efficiency
Gebonden Engels 2009 9780230202092Levertijd ongeveer 9 werkdagen
Gratis verzonden
Samenvatting
Recognizing increasing returns disrupts much of the established wisdom in economic analysis, making money non-neutral, equity conflict with freedom, and encouraging goods with increasing returns efficient. This book discusses these problems and ways they can be handled, helping to explain phenomena in the real world.
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Inhoudsopgave
Introduction Devastating Implications of Increasing Returns on Some Traditional Conclusions Equity and Efficiency vs. Freedom and Fairness: An Inherent Conflict Existence of Average-Cost Pricing Equilibria with Increasing Returns The Efficiency of Encouraging Goods with High Degrees of Increasing Returns Division of Labour: Increasing Returns at the Economy Level The Smith Dilemma and Its Resolution Why Should Governments Encourage Improvements on Infrastructure? Indirect Network Externality of Transaction Efficiency Average-cost Pricing, Increasing Returns, and Optimal Output: Comparing Home and Market Production Do the Economies of Specialization Justify the Work Ethics? An Examination of Buchanan's Hypothesis Specialization, Trade and Growth Conceptual and Policy Implications: Concluding Discussion
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