This book is a substantially revised and enlarged version of the monograph General Equilibrium with Increasing Returns, published by Springer-Verlag as a Lectur
A unique feature of the book compared to classical monographs on GE is its emphasis on the historical nature of the subject, and not only the mathematical natur
Increasing returns to scale is an area in economics that has recently become the focus of much attention. While most firms operate under constant or decreasing
What is Productive Efficiency According to the theory of microeconomics, productive efficiency refers to a situation in which the economy or an economic system