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Returns to Scale and the Ray Average Cost
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Lee, SeungHoon | - |
dc.date.accessioned | 2009-01-14T06:37:41Z | - |
dc.date.available | 2009-01-14T06:37:41Z | - |
dc.date.issued | 1990-01 | - |
dc.identifier.citation | Seoul Journal of Economics, Vol.3 No.1, pp. 1-12 | - |
dc.identifier.issn | 1225-0279 | - |
dc.identifier.uri | https://hdl.handle.net/10371/886 | - |
dc.description.abstract | It is shown that a standard definition of the locally increasing returns to scale at a cost efficient input-output vector constitutes neither sufficient nor necessary condition for the ray average cost to decrease in a neighborhood of the current scale of outputs at the given input prices. And then the most general necessary and sufficient conditions are derived for the ray average cost globally to increase, remain constant or decrease for any given input prices as the level of outputs produced increases proportionlly. | - |
dc.language.iso | en | - |
dc.publisher | Institute of Economic Research, Seoul National University | - |
dc.subject | scale economics | - |
dc.title | Returns to Scale and the Ray Average Cost | - |
dc.type | SNU Journal | - |
dc.contributor.AlternativeAuthor | 이성훈 | - |
dc.citation.journaltitle | Seoul Journal of Economics | - |
dc.citation.endpage | 12 | - |
dc.citation.number | 1 | - |
dc.citation.pages | 1-12 | - |
dc.citation.startpage | 1 | - |
dc.citation.volume | 3 | - |
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