Abstract
Even in the presence of increasing returns and imperfectly competitive firms, the existence of an average-cost pricing equilibrium that is productively efficient (but in general not Pareto optimal) is demonstrated.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Copyright information
© 2009 Yew-Kwang Ng
About this chapter
Cite this chapter
Ng, YK. (2009). Existence of Average-Cost Pricing Equilibria with Increasing Returns. In: Increasing Returns and Economic Efficiency. Palgrave Macmillan, London. https://doi.org/10.1057/9780230236813_4
Download citation
DOI: https://doi.org/10.1057/9780230236813_4
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-30023-5
Online ISBN: 978-0-230-23681-3
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)