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Increasing Returns and Economic Efficiency
About this book
Recognizing increasing returnsdisrupts 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, helpingto explain phenomena in the real world.
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Yes, you can access Increasing Returns and Economic Efficiency by Y. Ng in PDF and/or ePUB format, as well as other popular books in Economics & Econometrics. We have over one million books available in our catalogue for you to explore.
Information
Table of contents
- Cover
- Contents
- List of Illustrations
- Acknowledgement
- Preface
- 1 Introduction
- 2 Devastating Implications of Increasing Returns on Some Traditional Conclusions
- 3 Equity and Efficiency versus Freedom and Fairness: An Inherent Conflict
- 4 Existence of Average-Cost Pricing Equilibria with Increasing Returns
- 5 The Efficiency of Encouraging Goods with High Degrees of Increasing Returns
- 6 Division of Labour: Increasing Returns at the Economy Level
- 7 The Smith Dilemma and Its Resolution
- 8 Why Should Governments Encourage Improvements on Infrastructure? Indirect Network Externality of Transaction Efficiency
- 9 Average-Cost Pricing, Increasing Returns, and Optimal Output: Comparing Home and Market Production
- 10 Do the Economies of Specialization Justify the Work Ethics? An Examination of Buchanan's Hypothesis
- 11 Specialization, Trade, and Growth
- 12 Conceptual and Policy Implications: Concluding Discussion
- Notes
- References
- Author Index
- Subject Index