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DRTS
(redirected from Decreasing Returns to Scale)

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AcronymDefinition
DRTSData Relay and Tracking Satellite
DRTSData Relay and Tracking System
DRTSData Relay Tracking Satellite
DRTSde.rec.tv.simpsons (German Simpsons newsgroup)
DRTSDecreasing Returns to Scale
DRTSDefense Regional Telecommunications System
DRTSDepartment of Radio Technical Systems
DRTSDetecting, Ranging & Tracking System
DRTSDigital Range Training System (US Army training range component)

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? References in periodicals archive
The argument whereby we reach this conclusion begins with the observation that the homothetic production function underlying the standard U-shaped cost curves of economic theory can be thought of as a constant returns to scale production function, except that the isoquants on a standard isoquant map are renumbered to show first increasing, then constant, and finally decreasing returns to scale as output increases.
An example is presented in Appendix B wherein a firm with constant relative risk aversion, and hence DARA, violates the LeChatelier prediction for labor demanded given a symmetric, decreasing returns to scale production function of the Cobb-Douglas form.
 
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