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Increasing returns and economic efficiency

Record Type:	Electronic resources : Monograph/item
Title/Author:	Increasing returns and economic efficiencyYew-Kwang Ng.
Author:	Ng, Yew-Kwang.
Published:	Basingstoke :Palgrave Macmillan,2009.
Description:	xiii, 200 p. :ill. ;22 cm.
Subject:	Economies of scale.
Online resource:	access to fulltext (Palgrave)
ISBN:	9780230236813

Increasing returns and economic efficiency
Ng, Yew-Kwang.

Increasing returns and economic efficiency[electronic resource] /Yew-Kwang Ng. - Basingstoke :Palgrave Macmillan,2009. - xiii, 200 p. :ill. ;22 cm.

Includes bibliographical references and index.

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 SmithDilemma 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 b2 ss Hypothesis -- Specialization, Trade and Growth -- Conceptual and Policy Implications: Concluding Discussion.

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 asthe efficiency irrelevancy of pecuniary external effects, the neutrality of money, and the Pareto optimality of general equilibrium. This bookdiscusses 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.

Electronic reproduction.
Basingstoke, England :
Palgrave Macmillan,
2009.

Mode of access:World Wide Web.

ISBN: 9780230236813

Standard No.: 10.1057/9780230236813doiSubjects--Topical Terms:

183470
Economies of scale.
Index Terms--Genre/Form:

214472
Electronic books.

LC Class. No.: HD69.S5 / N4 2009

Dewey Class. No.: 330.153

Increasing returns and economic efficiency
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050 1 4 $a HD69.S5 $b N4 2009
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100 1 $a Ng, Yew-Kwang. $3 183467
245 1 0 $a Increasing returns and economic efficiency $h [electronic resource] / $c Yew-Kwang Ng.
260 $a Basingstoke : $b Palgrave Macmillan, $c 2009.
300 $a xiii, 200 p. : $b ill. ; $c 22 cm.
504 $a Includes bibliographical references and index.
505 0 $a 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 SmithDilemma 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 b2 ss Hypothesis -- Specialization, Trade and Growth -- Conceptual and Policy Implications: Concluding Discussion.
520 $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 asthe efficiency irrelevancy of pecuniary external effects, the neutrality of money, and the Pareto optimality of general equilibrium. This bookdiscusses 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.
533 $a Electronic reproduction. $b Basingstoke, England : $c Palgrave Macmillan, $d 2009. $n Mode of access:World Wide Web. $n System requirements: Web browser. $n Title from title screen (viewed on July 24, 2009). $n Access may be restricted to users at subscribing institutions.
650 0 $a Economies of scale. $3 183470
650 0 $a Entrepreneurship. $3 183598
650 0 $a Organizational effectiveness. $3 190557
655 7 $a Electronic books. $2 local. $3 214472
710 2 $a Palgrave Connect (Online service) $3 459825
776 1 $c Original $z 9780230202092 $z 0230202098 $w (OCoLC)298778061
856 4 0 $3 Palgrave Connect $u https://link.springer.com/book/10.1057/9780230236813 $z access to fulltext (Palgrave)