Economies of Scale in Multi-Output Production

I. Introduction, 481.—II. Counterexamples, 482.—III. Economies of scale, 484.—IV. Technological regularity conditions, 487.—V. The profitability of marginal cost pricing, 488.—VI. Concluding remarks, 492.

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Bibliographic Details
Published in:The Quarterly journal of economics 1977-08, Vol.91 (3), p.481-493
Main Authors: Panzar, John C., Willig, Robert D.
Format: Article
Language:English
Subjects:
Average cost
Commercial production
Cost efficiency
Cost functions
Economic costs
Economic theory
Economies of scale
Marginal cost pricing
Marginal costs
Production costs
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Description
Summary:I. Introduction, 481.—II. Counterexamples, 482.—III. Economies of scale, 484.—IV. Technological regularity conditions, 487.—V. The profitability of marginal cost pricing, 488.—VI. Concluding remarks, 492.
ISSN:0033-5533
1531-4650
DOI:10.2307/1885979