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A theory and implications on dynamic marginal cost

โœ Scribed by Masao Kuwahara


Book ID
116926726
Publisher
Elsevier Science
Year
2007
Tongue
English
Weight
358 KB
Volume
41
Category
Article
ISSN
0965-8564

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Marginal and total production cost indic
โœ Michael R. Baye; Mary E. Deily; Dennis W. Jansen ๐Ÿ“‚ Article ๐Ÿ“… 1991 ๐Ÿ› Springer ๐ŸŒ English โš– 511 KB

We show that the total cost of production index and the marginal cost of production index may be used to illuminate the course of an industry's evolution. Each of these summary statistics conveys different bits of information about the industry. Theoretical properties of the indices are compared, an