Increasing Returns & Efficiency - Hardcover

Quinzii, Martine

 
9780195065534: Increasing Returns & Efficiency
Hardcover
ISBN 10: 0195065530 ISBN 13: 9780195065534
Verlag: Oxford University Press, 1993

Inhaltsangabe

Increasing returns to scale is an area in economics that has recently attracted much attention. The commodities produced with technology exhibiting increasing returns constitute an important component of economic activity in a modern economy. They are typically commodities produced either by a public sector or, as in the United States, by regulated utilities. The central issue in this book addresses how to manage the public, or regulated, sector of the economy in order to achieve efficient resource allocation while maintaining the advantages of a decentralized market mechanism within the private sector. Quinzii's novel approach lies in the analysis of increasing returns by consistently using the framework of general equilibrium theory. This approach permits the welfare implications of pricing policies in the public sector without neglecting to take into account the interactions between production in the public and in the private sector, an important component of these being the effects on the distribution of income created by the need to finance the public sector. A significant contribution of this work is its analysis of the problem of financing the public sector in a way in which it is acceptable not only to individual agents but also to all sub-groups of agents as well. The discussion and exposition of key ideas have been kept as intuitive as possible, with simple examples and a geometric approach to illustrate basic points and to motivate the readers' own intuition. While based on the research of the author, the work draws extensively on recent literature on increasing returns. Quinzii has made a special effort to relate the latest developments in the field of increasing returnswith earlier economic literature, in particular the marginal price cost pricing controversy of the 1940s.

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Über die Autorin bzw. den Autor

Martine Quinzii is Professor of Economics at the University of California, Davis.

Von der hinteren Coverseite

Increasing returns to scale is an area in economics that has recently attracted much attention. The commodities produced with technology exhibiting increasing returns constitute an important component of economic activity in a modern economy. They are typically commodities produced either by a public sector or, as in the United States, by regulated utilities. The central issue in this book addresses how to manage the public, or regulated, sector of the economy in order to achieve efficient resource allocation while maintaining the advantages of a decentralized market mechanism within the private sector. Quinzii's novel approach lies in the analysis of increasing returns by consistently using the framework of general equilibrium theory. This approach permits the welfare implications of pricing policies in the public sector without neglecting to take into account the interactions between production in the public and in the private sector, an important component of these being the effects on the distribution of income created by the need to finance the public sector. A significant contribution of this work is its analysis of the problem of financing the public sector in a way in which it is acceptable not only to individual agents but also to all sub-groups of agents as well. The discussion and exposition of key ideas have been kept as intuitive as possible, with simple examples and a geometric approach to illustrate basic points and to motivate the readers' own intuition. While based on the research of the author, the work draws extensively on recent literature on increasing returns. Quinzii has made a special effort to relate the latest developments in the field of increasing returnswith earlier economic literature, in particular the marginal price cost pricing controversy of the 1940s.

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Verlag
Oxford University Press
Erscheinungsdatum
1993
Sprache
Englisch
ISBN 10 
0195065530
ISBN 13 
9780195065534
Einband
Gebundene Ausgabe
Anzahl der Seiten
176
Kontakt zum Hersteller
preigu GmbH & Co. KG
mail@preigu.de

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