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Non-constant Returns (non-constant + return)

Distribution by Scientific Domains
Business, Economics, Finance and Accounting100%

Selected Abstracts

A NON-SUBSTITUTION THEOREM WITH NON-CONSTANT RETURNS TO SCALE AND EXTERNALITIES

METROECONOMICA, Issue 1 2005
Takao Fujimoto
ABSTRACT An input,output model with non-constant returns to scale and externalities is presented, and it is shown that in this model the non-substitution theorem is still valid. More precisely, the quantity side of the theorem, i.e. the proposition on efficiency, remains valid, while there can be no equilibrium prices independent of final demand. [source]

Cyclical Productivity in Europe and the United States: Evaluating the Evidence on Returns to Scale and Input Utilization

ECONOMICA, Issue 296 2007
ROBERT INKLAAR
This paper studies procyclical productivity growth at the industry level in the United States and three European countries (France, Germany and the Netherlands). Industry-specific demand-side instruments are used to examine the prevalence of non-constant returns to scale and unmeasured input utilization. For the aggregate US economy, unmeasured input utilization seems to explain procyclical productivity. However, this correction still leaves one in three US industries with procyclical productivity. This failure of the model can also be seen in Europe and is mostly concentrated in services industries. [source]

A NON-SUBSTITUTION THEOREM WITH NON-CONSTANT RETURNS TO SCALE AND EXTERNALITIES

METROECONOMICA, Issue 1 2005
Takao Fujimoto
ABSTRACT An input,output model with non-constant returns to scale and externalities is presented, and it is shown that in this model the non-substitution theorem is still valid. More precisely, the quantity side of the theorem, i.e. the proposition on efficiency, remains valid, while there can be no equilibrium prices independent of final demand. [source]

TECHNOLOGY TRANSFER UNDER RETURNS TO SCALE*

THE MANCHESTER SCHOOL, Issue 3 2009
DEBAPRIYA SEN
In this paper we consider the licensing of a cost-reducing innovation by an outside innovator that uses optimal combinations of upfront fees and royalties in a Cournot duopoly characterized by non-constant returns to scale. The main conclusion of our theoretical analysis is that incidence of positive royalties and diffusion of innovations are both inversely related to economies of scale. Our analysis provides a plausible explanation of the variation of licensing policies across industries. [source]