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Title Increasing returns and economic analysis / edited by Kenneth J. Arrow, Yew-Kwang Ng and Xiaokai Yang.
Imprint Basingstoke : Macmillan, 1998.

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Subject Competition, Imperfect.
Economies of scale.
Classical school of economics.
Alt Name Arrow, Kenneth J. (Kenneth Joseph), 1921-2017.
Ng, Yew-Kwang.
Yang, Xiaokai.
Description 1 online resource (xxv, 457 pages) : illustrations
Bibliography Note Includes bibliographical references and index.
Note Print version record.
Summary Annotation Selected papers from many leading Australian, American, Asian, British and European economists of an international conference at Monash University sparked by the first Australian visit by Kenneth J. Arrow, Nobel Laureate in Economics. Part 1 extends the recently emerged New Classical Economics which uses inframarginal analysis to formally examine classical economic problems of specialization with insights on trade, growth, and many other issues. Part 2 analyses the implications of increasing returns and the associated non-perfect competition on some macro problems like the effects of nominal aggregate demand on output and the price level. Part 3 analyses the relationships of information, returns to scale, and issues of resources and trade.
ISBN 0585033692 (electronic bk.)
9780585033693 (electronic bk.)
ISBN/ISSN 9780333678442
OCLC # 42330114
Additional Format Print version: Increasing returns and economic analysis. Basingstoke : Macmillan, 1998 0333678443 (OCoLC)38592607
Table of Contents
 List of Figures 
 List of Tables 
 Notes on the Contributors 
Pt. 1Specialization, Organization and Growth: New Classical Economics 
 1Specialization and Division of Labour: A Survey / Xiaokai Yang, Siang Ng3
 Comment / James M. Buchanan64
 Comment / Jeff Borland66
 2Specialization and the Emergence and the Value of Money / Wenli Cheng71
 3Productivity, Investment in Infrastructure and Population Size: Formalizing the Theory of Ester Boserup / C. Y. Cyrus Chu, Yao-Chou Tsai90
 4The Inframarginal Analysis of Demand and Supply and the Relationship between a Minimum Level of Consumption and the Division of Labour / Monchi Lio108
 5Economies of Specialization and Trade / Siang Ng127
 6Centralized Hierarchy within a Firm and Decentralized Hierarchy in the Market / Heling Shi, Xiaokai Yang145
 7An Analytical Framework of Consumer-Producers, Economies of Specialization and Transaction Costs / Mei Wen170
 8An Extended Ethier Model with the Tradeoff between Economies of Scale and Transaction Costs / Kar-yiu Wong, Xiaokai Yang186
 9Policy Analysis in a Dynamic Model with Endogenous Specialization / Junxi Zhang205
Pt. 2Economies of Scale and Monopolistic Competition 
 10Increasing Returns, Constant Returns and Micro-Macro Economics / Robin Marris219
 11Non-Neutrality of Money under Non-Perfect Competition: Why Do Economists Fail to See the Possibility? / Yew-Kwang Ng232
 Comment / Robin Marris253
 12A Dynamic Model of Monopolistic Competition with Trade Externalities and Fiscal Policy / Kee Nam Cheung255
 Comment / Chun-Sin Hwang278
 13Industrialization Policy and the 'Big Push' / Joshua Gans280
 Comment / Philip A. Trostel305
 14Economies of Scale and Imperfect Competition in an Applied General Equilibrium Model of the Australian Economy / Kaludura Abayasiri-Silva, Mark Horridge307
 Comment / Peter B. Dixon335
 15Variety, Spillovers and Market Structure in a Model of Endogenous Technological Change / Pietro F. Peretto338
 16Pursuit of Relative Conspicuous Consumption in Monopolistic Competition / Jianguo Wang, Yew-Kwang Ng367
 17Economic Fluctuations and Non-Neutrality of Money based upon Imperfect Competition / Xiangkang Yin383
Pt. 3Information, Trade and Resources 
 18Innovation and Increasing Returns to Scale / Kenneth J. Arrow403
 19Variable Returns to Scale and Factor Price Equalization / Murray C. Kemp, Masayuki Okawa, Makoto Tawada409
 20The Stolper-Samuelson Theorem in Models with Economies of Scale / Peter J. Lloyd, Albert G. Schweinberger413
 Comment / Pasquale M. Sgro430
 21Variable Returns to Scale, Resources and Population / John D. Pitchford432
 Name Index445
 Subject Index450

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