Tokyo Keizai University Institutional Repository >
資料種別 Material type >
紀要 Bulletin >
東京経大学会誌(経済学) Journal of Tokyo Keizai University : Economics >
269号 >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/11150/746
|
Title: | Generalized Cobb-Douglas Production Functions and Aggregate Production Efficiency by a Monopoly |
Authors: | HAMANO, Tadashi 浜野, 忠司 |
Abstract: | Increasing returns yields scale merits of production. Under these technologies monopoly may produce more output than two or more firms combined can do. However, increasing returns alone do not lead monopoly to achieve aggregate production efficiency. In this paper we consider an economy with one output, two inputs and two increasing returns technologies expressed by generalized Cobb-Douglas production functions and derive a sufficient condition for monopoly to lead aggregate production efficiency under increasing returns. |
journaltitle: | 東京経大学会誌(経済学) = The Journal of Tokyo Keizai University : Economics |
Issue Date: | 16-Feb-2011 |
Publisher: | 東京経済大学経済学会 |
issue: | 269 |
Start Page: | 155 |
End Page: | 164 |
URI: | http://hdl.handle.net/11150/746 |
Appears in Collections: | 269号
|
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.
|