Economies of scale, factor intensities and substitution: Micro estimates for Malaysia’s manufacturing industries

1976 ◽  
Vol 112 (1) ◽  
pp. 111-135 ◽  
Author(s):  
Lutz Hoffmann ◽  
Bernhard Weber
2015 ◽  
Vol 13 (1) ◽  
pp. 119-134
Author(s):  
Davor Mance ◽  
Nenad Vretenar ◽  
Jana Katunar

Sixty years ago, Samuelson’s “Pure Theory of Public Expenditure” expounded the classification of goods, and Bain’s “Economies of Scale, Concentration and the Condition of Entry in Twenty Manufacturing Industries” expounded the structure-conduct-performance paradigm. To the present day, rivalry in- and excludability from consumption classify goods, and subadditivity and irreversibility in production classify market structure. Opportunity costs of production in the form of prospective sunk costs incentivise investment and production, and the sunk costs themselves induce subadditivities, specialization and convexity of the marginal rate of technical substitution. Opportunity costs in consumption are determined by the marginal costs of replacement. In light of the recent Nobel price award to Jean Tirole, we revisit some of the forgotten discussions and clarify some of the terminology under a more economic framework of opportunity costs.


1984 ◽  
Vol 44 (2) ◽  
pp. 545-556 ◽  
Author(s):  
Kenneth L. Sokoloff

This paper utilizes a survey of U. S. manufacturing firms from 1832 to investigate the structure of manufacturing investment during early industrialization. The relative magnitudes of investments in fixed and working capital, and how they varied with firm size, location, and industry, are documented. This variation across industries in the composition of capital investments is indicative of a more general variation in factor intensities, and bears on the issues of why industries became concentrated in the regions they did, and the degrees to which they were adversely affected by the limited availability of long–term loans. Evidence that most manufacturing industries had quite modest investments in machinery and tools per unit of labor is also presented, serving to undercut the notion that the early period of industrialization was based on a proliferation of new, machinery–intensive technologies.


2000 ◽  
Vol 9 (4) ◽  
Author(s):  
Alena Zemplinerová

The paper presents an empirical analysis of the relationship between international trade and market concentration. Market concentration is measured with and without adjustment for foreign trade and results are compared. On most markets the adjustment of domestic supply for exports and imports reduces market concentration. Most concentrated industries as a rule further concentrated and the least concentrated industries further de-concentrated during the period 1993 - 1997. <p>Comparison of market concentration with the EU showed that manufacturing product markets that are in the EU very concentrated and for which economies of scale are typical, are not concentrated in the Czech Republic. This fact can imply a performance that is below the optimal scale and low competitiveness on the international markets. On the other hand, the least concentrated markets in the EU continue to be relatively more concentrated in the Czech Republic. These are often local markets on which foreign trade cannot create competition and should be therefore closely monitored by antimopoly authority.


2019 ◽  
Vol 31 (10) ◽  
pp. 1208-1219 ◽  
Author(s):  
Veronica McLaren ◽  
Salome Vanwoerden ◽  
Carla Sharp

Author(s):  
Bagus Septyanto ◽  
Dian Nurdiana ◽  
Sitti Ahmiatri Saptari

In general, surface positioning using a global satellite navigation system (GNSS). Many satellites transmit radio signals to the surface of the earth and it was detected by receiver sensors into a function of position and time. Radio waves really bad when spreading in water. So, the underwater positioning uses acoustic wave. One type of underwater positioning is USBL. USBL is a positioning system based on measuring the distance and angle. Based on distance and angle, the position of the target in cartesian coordinates can be calculated. In practice, the effect of ship movement is one of the factors that determine the accuracy of the USBL system. Ship movements like a pitch, roll, and orientation that are not defined by the receiver could changes the position of the target in X, Y and Z coordinates. USBL calibration is performed to detect an error angle. USBL calibration is done by two methods. In USBL calibration Single Position obtained orientation correction value is 1.13 ̊ and a scale factor is 0.99025. For USBL Quadrant calibration, pitch correction values is -1.05, Roll -0.02 ̊, Orientation 6.82 ̊ and scale factor 0.9934 are obtained. The quadrant calibration results deccrease the level of error position to 0.276 - 0.289m at a depth of 89m and 0.432m - 0.644m at a depth of 76m


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