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The effects of public infrastructure on the cost structure of Spanish industries

✍ Scribed by C. Alicia Avilés Zugasti; Rosario Gómez García; José Sánchez Maldonado

Publisher
Springer
Year
2001
Tongue
English
Weight
111 KB
Volume
3
Category
Article
ISSN
1435-5469

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Firms that provide capacity to meet randomly fluctuating demand typically will not be producing on the efficient frontier of their production possibilities sets. Consequently, the standard dual theory of cost and production is inapplicable. This article provides an alternative that leaves most of th