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A Reconsideration of the Theory of Non-Linear Scale Effects

A Reconsideration of the Theory of Non-Linear Scale Effects

The Sources of Varying Returns to, and Economies of, Scale

Richard G. Lipsey

Cambridge University Press
Publication date : 2018-03-22

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The main thrust of this Element is a critical assessment of the theory and evidence concerning the sources of scale effects. It is argued that the analysis of static scale effects is important because scale effects are embedding in our world, and new technologies associated with an evolving economy often allow their exploitation when they cannot be exploited in less technically advanced and smaller economies. So, although static equilibrium theory is not a good vehicle for studying economic growth, showing how scale effects operate when output varies with given technology helps us to understand the scale effects that occur when output rises as a result of economic growth, even though that is typically driven by technological change.

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About the book

Author

Richard G. Lipsey

Imprint

Cambridge University Press

Collection

n.c

Publication date

2018-03-22

Pages

n.c

Print ISBN

9781108453097

Language

English

Ebook informations

EAN PDF

9781108561907

Price

£18.99

Copy count 0

Print count 0

File size 1751 Ko

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About author(s)

Richard G. Lipsey

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