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IRSIndividual Research Study
IRSImpulse Radio Sequence
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References in periodicals archive ?
Pessimism leads to bad outcome (say, pre-existing low productivity level) and optimism realizes increasing returns to scale in an aggregate sense.
Bayesian estimates of a standard RBC model with variable capacity utilization that allows for increasing returns to scale via production externalities show that the U.
The above explanation shows that the circular causation leading to agglomeration economies depends mainly on scale economies in the form of increasing returns to scale.
Similarly, when the change in output is greater than the change in inputs, the production process exhibits increasing returns to scale.
In the year 2008, four banks: Oriental Bank of Commerce, Axis Bank, Bank of Rajasthan, and Jammu and Kashmir Bank show constant returns to scale, 23 banks show decreasing returns to scale, and 8 banks show increasing returns to scale.
Second, with increasing returns to scale, a payment method could have a high estimated cost in a particular country only because the method was being used on a small scale.
If output increases by more than that proportion, there are increasing returns to scale (IRS), Specifically, a company achieved scale efficient (namely constant return to scale) only if it operates at the bottom of the assumed U-shaped curve,
Obviously, consolidation also has the potential to enhance scale efficiency when firms operate under increasing returns to scale.
In addition to the effect from a diminishing marginal product in the production of the intermediate input, there is one additional effect affecting the return to a factor: increasing returns to scale in the production of final products.
This is nothing else but the existence of increasing returns to scale using that term in the broadest sense in producing activities.
The main one was the impossibility to fit a model with increasing returns to scale.