Abstract
Besides the possibilities for improvements of price and technical efficiency (given non-decreasing cost schedules), various economies on the plant, firm or industry level may be reaped when joining a CU. They add to the “welfare” arguments in favour of product market integration, although many of them can be extended to arguments for worldwide trade liberalization. This chapter gives a survey of the main theoretical arguments relating CU and economies of various types, exemplified in addition by empirical work on the EC or member economies.
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© 1984 Martinus Nijhoff Publishers, The Hague
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Pelkmans, J. (1984). Customs Union and Economies of Scale. In: Market Integration in the European Community. Studies in Industrial Organization, vol 5. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-6173-9_3
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DOI: https://doi.org/10.1007/978-94-009-6173-9_3
Publisher Name: Springer, Dordrecht
Print ISBN: 978-90-247-2988-3
Online ISBN: 978-94-009-6173-9
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