Increasing returns and economic efficiency:
Much of economic analysis is based on the absence of increasing returns. However, due to indivisibilities, knowledge needed for production, learning by doing, external economies, and the economies of specialization, increasing returns are omnipresent. Recognizing increasing returns disrupts much of...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Basingstoke [u.a.]
Palgrave Macmillan
2009
|
| Ausgabe: | 1. publ. |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Zusammenfassung: | Much of economic analysis is based on the absence of increasing returns. However, due to indivisibilities, knowledge needed for production, learning by doing, external economies, and the economies of specialization, increasing returns are omnipresent. Recognizing increasing returns disrupts much of the established wisdom in economic analysis, such as the efficiency irrelevancy of pecuniary external effects, the neutrality of money, and the Pareto optimality of general equilibrium. This book discusses these problems and ways they can be handled. It underlines the importance of entrepreneurship and organizational efficiency and provides a thorough analysis that explains many phenomena in the real world with important and original policy implications different from the traditional analysis. |
| Beschreibung: | Literaturverz. S. 182 - 194 |
| Beschreibung: | XIII, 200 S. graph. Darst. |
| ISBN: | 9780230202092 0230202098 |
Internformat
MARC
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| 245 | 1 | 0 | |a Increasing returns and economic efficiency |c Yew-Kwang Ng |
| 250 | |a 1. publ. | ||
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| 300 | |a XIII, 200 S. |b graph. Darst. | ||
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| 338 | |b nc |2 rdacarrier | ||
| 500 | |a Literaturverz. S. 182 - 194 | ||
| 520 | 3 | |a Much of economic analysis is based on the absence of increasing returns. However, due to indivisibilities, knowledge needed for production, learning by doing, external economies, and the economies of specialization, increasing returns are omnipresent. Recognizing increasing returns disrupts much of the established wisdom in economic analysis, such as the efficiency irrelevancy of pecuniary external effects, the neutrality of money, and the Pareto optimality of general equilibrium. This book discusses these problems and ways they can be handled. It underlines the importance of entrepreneurship and organizational efficiency and provides a thorough analysis that explains many phenomena in the real world with important and original policy implications different from the traditional analysis. | |
| 650 | 7 | |a Skalenertrag |2 stw | |
| 650 | 7 | |a Theorie |2 stw | |
| 650 | 7 | |a Wirtschaftliche Effizienz |2 stw | |
| 650 | 4 | |a Economies of scale | |
| 650 | 4 | |a Entrepreneurship | |
| 650 | 4 | |a Organizational effectiveness | |
| 650 | 0 | 7 | |a Effizienz |0 (DE-588)4013585-8 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Economies of scale |0 (DE-588)4268533-3 |2 gnd |9 rswk-swf |
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| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-018622675 | |
Datensatz im Suchindex
| _version_ | 1818058515250413568 |
|---|---|
| adam_text |
Contents
List of Illustrations x
Acknowledgement x'
Preface
хи
1
Introduction
1
2
Devastating Implications of Increasing Returns on Some
Traditional Conclusions
9
2.1
Possible non-neutrality of money
9
2.2
Pecuniary external effects may have real
efficiency implications
16
2.3
Market equilibrium no longer Pareto optimal
18
Equity and Efficiency versus Freedom and Fairness:
An Inherent Conflict
22
3.1
Introduction
22
3.2
Thefi-F Conflict
25
3.3
A specific model
34
3.4
Concluding remarks
38
Appendix
ЗА
39
Existence of Average-Cost Pricing Equilibria with
Increasing Returns
40
The Efficiency of Encouraging Goods with
High Degrees of Increasing Returns
46
5.1
The general case
46
5.2
A specific case illustrated
52
Division of Labour: Increasing Returns at the Economy Level
55
6.1
Introduction: Marginal versus inframarginal analysis
55
6.2
Basic inframarginal analysis of division of labour
57
6.3
Pareto optimality of general equilibrium in
the new framework
-
the higher role of
entrepreneurship
59
6.4
Some welfare economic issues of division of labour
62
6.5
Some implications
66
viii Contents
Appendix 6A:
A simple model of the Yang-Ng framework of
division of labour
70
Appendix 6B: Division of labour, coordination, and
entrepreneurship
72
7
The Smith Dilemma and Its Resolution
76
7.1
Towards a resolution of the Smith dilemma
77
7.2
The efficiency of the market: A simulation using
the Dixit-Stiglitz model
80
7.3
Concluding remarks
86
8
Why Should Governments Encourage Improvements on
Infrastructure? Indirect Network Externality of
Transaction Efficiency
88
8.1
Why should governments encourage improvements in
transaction efficiency?
88
8.2
A perspective from the Yang-Ng framework
91
8.3
Introducing the role of the government
98
8.4
Concluding remarks
100
9
Average-Cost Pricing, Increasing Returns, and
Optimal Output: Comparing Home and
Market Production
101
9.1
A model with home and market production
104
9.2
A model with home and differentiated market
production
112
9.3
Concluding remarks
120
10
Do the Economies of Specialization Justify
the Work Ethics? An Examination of
Buchanan's Hypothesis
122
10.1
Introduction
122
10.2
Specialization and consumption constraints
124
10.3
Does the economy of specialization make
work ethics welfare-improving? A terms-of-trade
approach
129
10.4
Does the economy of specialization make work
ethics welfare-improving? Further investigations
134
10.5
Concluding remarks
147
Appendix 10A
150
11
Specialization, Trade, and Growth
154
11.1
Introduction
154
11.2
The new classical trade theory
156
Contents ix
11.3
The enrichment of a sector benefits others:
The case of trade for specialization
164
12
Conceptual and Policy Implications:
Concluding Discussion
169
Notes
177
References
182
Author Index
195
Subject Index
199 |
| any_adam_object | 1 |
| author | Ng, Yew-Kwang 1942- |
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| building | Verbundindex |
| bvnumber | BV035762836 |
| callnumber-first | H - Social Science |
| callnumber-label | HD69 |
| callnumber-raw | HD69.S5 |
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| callnumber-subject | HD - Industries, Land Use, Labor |
| classification_rvk | QC 120 |
| ctrlnum | (OCoLC)298778061 (DE-599)BVBBV035762836 |
| dewey-full | 330.153 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 330 - Economics |
| dewey-raw | 330.153 |
| dewey-search | 330.153 |
| dewey-sort | 3330.153 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| edition | 1. publ. |
| format | Book |
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| id | DE-604.BV035762836 |
| illustrated | Illustrated |
| indexdate | 2024-12-10T13:01:51Z |
| institution | BVB |
| isbn | 9780230202092 0230202098 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-018622675 |
| oclc_num | 298778061 |
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| owner_facet | DE-355 DE-BY-UBR DE-188 DE-521 |
| physical | XIII, 200 S. graph. Darst. |
| publishDate | 2009 |
| publishDateSearch | 2009 |
| publishDateSort | 2009 |
| publisher | Palgrave Macmillan |
| record_format | marc |
| spelling | Ng, Yew-Kwang 1942- Verfasser (DE-588)11293255X aut Increasing returns and economic efficiency Yew-Kwang Ng 1. publ. Basingstoke [u.a.] Palgrave Macmillan 2009 XIII, 200 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Literaturverz. S. 182 - 194 Much of economic analysis is based on the absence of increasing returns. However, due to indivisibilities, knowledge needed for production, learning by doing, external economies, and the economies of specialization, increasing returns are omnipresent. Recognizing increasing returns disrupts much of the established wisdom in economic analysis, such as the efficiency irrelevancy of pecuniary external effects, the neutrality of money, and the Pareto optimality of general equilibrium. This book discusses these problems and ways they can be handled. It underlines the importance of entrepreneurship and organizational efficiency and provides a thorough analysis that explains many phenomena in the real world with important and original policy implications different from the traditional analysis. Skalenertrag stw Theorie stw Wirtschaftliche Effizienz stw Economies of scale Entrepreneurship Organizational effectiveness Effizienz (DE-588)4013585-8 gnd rswk-swf Economies of scale (DE-588)4268533-3 gnd rswk-swf Economies of scale (DE-588)4268533-3 s Effizienz (DE-588)4013585-8 s DE-604 Digitalisierung UB Regensburg application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=018622675&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Ng, Yew-Kwang 1942- Increasing returns and economic efficiency Skalenertrag stw Theorie stw Wirtschaftliche Effizienz stw Economies of scale Entrepreneurship Organizational effectiveness Effizienz (DE-588)4013585-8 gnd Economies of scale (DE-588)4268533-3 gnd |
| subject_GND | (DE-588)4013585-8 (DE-588)4268533-3 |
| title | Increasing returns and economic efficiency |
| title_auth | Increasing returns and economic efficiency |
| title_exact_search | Increasing returns and economic efficiency |
| title_full | Increasing returns and economic efficiency Yew-Kwang Ng |
| title_fullStr | Increasing returns and economic efficiency Yew-Kwang Ng |
| title_full_unstemmed | Increasing returns and economic efficiency Yew-Kwang Ng |
| title_short | Increasing returns and economic efficiency |
| title_sort | increasing returns and economic efficiency |
| topic | Skalenertrag stw Theorie stw Wirtschaftliche Effizienz stw Economies of scale Entrepreneurship Organizational effectiveness Effizienz (DE-588)4013585-8 gnd Economies of scale (DE-588)4268533-3 gnd |
| topic_facet | Skalenertrag Theorie Wirtschaftliche Effizienz Economies of scale Entrepreneurship Organizational effectiveness Effizienz |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=018622675&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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