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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

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