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20221107103320.0 |
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|a0230236812
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|a9780230236813
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7
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|a10.1057/9780230236813|2doi
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040 |
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|aUKPGM|beng|cUKPGM|dNOU
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049 |
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|aAPTA
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050 |
14
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|aHD69.S5|bN4 2009
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082 |
04
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|a330.153|222
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100 |
1
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|aNg, Yew-Kwang.
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245 |
10
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|aIncreasing returns and economic efficiency|h[electronic resource] /|cYew-Kwang Ng.
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260 |
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|aBasingstoke :|bPalgrave Macmillan,|c2009.
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300 |
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|axiii, 200 p. :|bill. ;|c22 cm.
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504 |
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|aIncludes bibliographical references and index.
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505 |
0
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|aIntroduction -- 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.
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520 |
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|aMuch 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.
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533 |
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|aElectronic reproduction.|bBasingstoke, England :|cPalgrave Macmillan,|d2009.|nMode of access:World Wide Web.|nSystem requirements: Web browser.|nTitle from title screen (viewed on July 24, 2009).|nAccess may be restricted to users at subscribing institutions.
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650 |
0
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|aEconomies of scale.
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650 |
0
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|aEntrepreneurship.
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650 |
0
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|aOrganizational effectiveness.
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655 |
7
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|aElectronic books.|2local
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710 |
2
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|aPalgrave Connect (Online service)
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776 |
1
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|cOriginal|z9780230202092|z0230202098|w(OCoLC)298778061
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809 |
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|pEB|dHD69.S5|eN576|y2009
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856 |
40
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|3Palgrave Connect
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40
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|3Palgrave Connect|uhttp://www.palgraveconnect.com/doifinder/10.1057/9780230236813|zaccess to fulltext (Palgrave)
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