Fixed cost efficiency with infinitesimal competitors
Suppose that infinitesimal firms have identical variable costs, but there is heterogeneity in their fixed costs. Regardless of the ordering of entry and exit, fixed costs will be minimized for a given industry size.
Year of publication: |
2010
|
---|---|
Authors: | Wilson, Linus |
Published in: |
Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 17.2010, 7, p. 667-671
|
Publisher: |
Taylor & Francis Journals |
Saved in:
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