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This work investigates the complexities of industrial investment decision-making within economic environments characterized by increasing returns to scale. Ardy Stoutjesdijk utilizes economic modeling to evaluate how firms should allocate capital when production efficiencies improve as output increases. The text provides a framework for understanding the divergence between traditional constant-returns models and the reality of industrial growth patterns.
What You Will Find
Experts recognize this text as a specialized contribution to industrial economics, particularly for those focused on the mechanics of capital investment. Readers frequently note the technical density of the prose, which requires a foundational understanding of microeconomic theory to fully grasp the author's arguments.
Page Count:
480
Publication Date:
1986-06-01
Publisher:
Oxford Univ Pr
ISBN-10:
0195204042
ISBN-13:
9780195204049
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