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Increasing returns and economic effi...

Ng, Yew-Kwang.

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Increasing returns and economic efficiency

Record Type:	Electronic resources : Monograph/item
Title/Author:	Increasing returns and economic efficiency/ Yew-Kwang Ng.
Author:	Ng, Yew-Kwang.
Published:	Basingstoke :Palgrave Macmillan, : 2009.,
Description:	xiii, 200 p. :ill. ;22 cm.
[NT 15003449]:	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.
Subject:	Economies of scale. -
Online resource:	http://link.springer.com/10.1057/9780230236813access to fulltext (Palgrave)
ISBN:	0230236812

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: 0230236812

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

675035
Economies of scale.
Index Terms--Genre/Form:

542853
Electronic books.

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

Dewey Class. No.: 330.153

Increasing returns and economic efficiency
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020 $a 0230236812
020 $a 9780230236813
024 7 $a 10.1057/9780230236813 $2 doi
035 $a (OCoLC)427853715
035 $a ocn427853715
035 $a 911466
040 $a UKPGM $b eng $c UKPGM
049 $a APTA
050 1 4 $a HD69.S5 $b N4 2009
082 0 4 $a 330.153 $2 22
100 1 $a Ng, Yew-Kwang. $3 682321
245 1 0 $a Increasing returns and economic efficiency $h [electronic resource] / $c Yew-Kwang Ng.
260 $a Basingstoke : $c 2009. $b Palgrave Macmillan,
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 675035
650 0 $a Entrepreneurship. $3 526739
650 0 $a Organizational effectiveness. $3 529314
655 7 $a Electronic books. $2 lcsh $3 542853
710 2 $a Palgrave Connect (Online service) $3 1081578
856 4 0 $3 Palgrave Connect $u http://link.springer.com/10.1057/9780230236813 $z access to fulltext (Palgrave)