The Economics of Increasing Returns

Geoffrey Heal

Working Papers from Columbia - Graduate School of Business

Abstract: This paper reviews the implications of increasing returns for several areas of economics: resource allocation and welfare economics; the micro foundations of macroeconomics; product variety and imperfect competition; information and information technology; economic growth; international trade. These cover the fields in which increasing returns cause departures from the results otherwise available.

Keywords: ECONOMIES; OF; SCALE (search for similar items in EconPapers)
JEL-codes: D24 (search for similar items in EconPapers)
Pages: 19 pages
Date: 1997
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:fth:colubu:97-20

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