Concurrent Endogenous Evolution in Division of Labor, in the Number of Goods, and in the Institution of the Firm

Xiaokai Yang and Wai-Man Liu
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Wai-Man Liu: University of New South Wales, Australia

Chapter 19 in Inframarginal Economics, 2008, pp 605-633 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:How Can We Simultaneously Endogenize Evolution in Division of Labor and in the Number of Producer Goods?A Dynamic Equilibrium Model with Learning by Doing and an Endogenous Number of Producer GoodsDynamic Equilibrium Level of Specialization and Input VarietyConcurrent Evolution of Specialization, Variety of Producer Goods, and the Institution of the FirmAppendix 19.1: Proof of Lemma 19.1Appendix 19.2: Proof of Proposition 19.1Appendix 19.3: Proof of Proposition 19.2Further ReadingExercises

Keywords: Inframarginal Economics; Inframarginal Analysis; Division of Labor; Specialization; Network Effects; Smithian Framework; Transaction Costs (search for similar items in EconPapers)
JEL-codes: O30 (search for similar items in EconPapers)
Date: 2008
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