Increasing Returns and Economic Efficiency

1. Introduction
Yew-Kwang Ng

2. Devastating Implications of Increasing Returns on Some Traditional Conclusions
Yew-Kwang Ng

3. Equity and Efficiency versus Freedom and Fairness: An Inherent Conflict
Yew-Kwang Ng

4. Existence of Average-Cost Pricing Equilibria with Increasing Returns
Yew-Kwang Ng

5. The Efficiency of Encouraging Goods with High Degrees of Increasing Returns
Yew-Kwang Ng

6. Division of Labour: Increasing Returns at the Economy Level
Yew-Kwang Ng

7. The Smith Dilemma and Its Resolution
Yew-Kwang Ng

8. Why Should Governments Encourage Improvements on Infrastructure? Indirect Network Externality of Transaction Efficiency
Yew-Kwang Ng

9. Average-Cost Pricing, Increasing Returns, and Optimal Output: Comparing Home and Market Production
Yew-Kwang Ng

10. Do the Economies of Specialization Justify the Work Ethics? An Examination of Buchanan’s Hypothesis
Yew-Kwang Ng

11. Specialization, Trade, and Growth
Siang Ng

12. Conceptual and Policy Implications: Concluding Discussion
Yew-Kwang Ng

Nyckelord: Economics, Social Choice/Welfare Economics/Public Choice, Economic Theory/Quantitative Economics/Mathematical Methods, Public Finance