Results 221 to 230 of about 26,041 (254)

Profitability and Stock Returns in Production-Based Asset Pricing with Decreasing Returns to Scale

SSRN Electronic Journal, 2013
In a production-based asset pricing model with decreasing returns to scale following Brock (1982) stock returns at the firm level no longer identically equal investment returns but, instead, are determined by a measure of gross profitability, the book-to-market ratio, and the change in future profitability prospects.
Ronald J Balvers, Li Gu, Dayong Huang
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Hotelling was right with decreasing returns to scale and a coalition-proof refinement

The Annals of Regional Science, 2012
This paper provides a simple, realistic, and very slightly modified version of the production technology in Hotelling’s (Econ J 39:41–57, 1929) spatial model with linear transportation costs to overcome the nonexistence problem of equilibrium—decreasing returns to scale.
Chia-Hung Sun, Fu-Chuan Lai
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Factor Demand and Substitution under Decreasing Returns to Scale. An Application to the Rybczynski Theorem

The Scandinavian Journal of Economics, 1987
In the first part of this paper, the elasticity of substitution and factor demand are determined under decreasing returns to scale. By applying the properties of homogeneous functions, elasticities of marginal products with respect to factor uses are shown to be useful when determining the elasticity of factor substitution and factor demand ...
Sakari Ylönen, Sakari Ylonen
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Constant, Decreasing or Increasing Returns to Scale: Evidence from the Verdoorn and Kaldor Laws

2023
The discussions in the scientific literature about economic growth trends are vast and not unanimous. The economic theory has different opinions about economic growth that disagree, sometimes, if the economies tend to converge or diverge over time. In fact, the Neoclassical Theory argues that the economies tend to converge for the same steady state and
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A Note on Strategic Delegation: The Role of Decreasing Returns to Scale [PDF]

Economics Bulletin, 2009
We build a model of optimal design of managerial incentive schemes when the production technology exhibits decreasing returns to scale and firms compete à la Cournot. We borrow Fershtman and Judd (1987) and Kräkel (2005) framework. We show how there is a dominant strategy for entrepreneurs to delegate output decisions.
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Planning with non-decreasing returns to scale

1977
Thesis. 1977. Ph.D.--Massachusetts Institute of Technology. Dept. of Economics. ; MICROFICHE COPY AVAILABLE IN ARCHIVES AND DEWEY. ; Vita. ; Includes bibliographies. ; by Jacques Crémer. ; Ph.D.
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Efficiency gains of technology transfers under decreasing returns to scale

We analyze the efficiency gains and welfare effects of transferring sufficiently large, but non-drastic, technological innovations under firm-specific decreasing returns to scale. Our analysis employs a novel analytical framework based on normalized weights that are directly related to each firm’s profit-maximizing market share in Nash equilibrium. The
Ted Lindblom, Stefan Sjogren, Aineas Mallios   +2 more
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Decreasing Returns to Scale

2023
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Taxation and systematic risk under decreasing returns to scale

2006
Lund (2002a) showed in a CAPM-type model how tax depreciation schedules affect required expected returns after taxes. Even without leverage higher tax rates implied lower betas when tax deductions were risk free. Here they are risky, and marginal investment is taxed together with inframarginal in an analytical model of decreasing returns.
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Serial acquirers and decreasing returns: Do bidders’ acquisition patterns matter?

Financial Review, 2021
Thibaut G Morillon
exaly