A Reconsideration of the Theory of Non-Linear Scale Effects: The Sources of Varying Returns to, and Economies...

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Richard G. Lipsey (Simon Fraser University, British Columbia)

A Reconsideration of the Theory of Non-Linear Scale Effects

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

Richard G. Lipsey (Simon Fraser University, British Columbia)

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English

Cambridge University Press
22 March 2018

Economics of industrial organisation; Economic growth

Series: Elements in Evolutionary Economics

Summary
Details

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.

By: Richard G. Lipsey (Simon Fraser University British Columbia)
Imprint: Cambridge University Press
Country of Publication: United Kingdom
Dimensions: Height: 230mm, Width: 150mm, Spine: 5mm
Weight: 200g
ISBN: 9781108453097
ISBN 10: 1108453090
Series: Elements in Evolutionary Economics
Pages: 75
Publication Date: 22 March 2018
Audience: Professional and scholarly , Undergraduate
Format: Paperback
Publisher's Status: Active