Returns to Scale in Canadian Manufacturing: An Interprovincial Comparison

1997 ◽  
Vol 30 (4b) ◽  
pp. 1083 ◽  
Author(s):  
Michael Benarroch
Keyword(s):  
Returns To Scale ◽  
Canadian Manufacturing

scholarly journals Do traders learn to select efficient market institutions?

2021 ◽  
Author(s):  
Carlos Alós-Ferrer ◽  
Johannes Buckenmaier ◽  
Georg Kirchsteiger
Keyword(s):  
Returns To Scale ◽  
Production Costs ◽  
Switching Behavior ◽  
Double Auction ◽  
Trading Behavior ◽  
Market Institutions ◽  
Market Institution ◽  
Simple Rules ◽  
Rules Of Thumb ◽  
Constant Returns To Scale

AbstractWhen alternative market institutions are available, traders have to decide both where and how much to trade. We conducted an experiment where traders decided first whether to trade in an (efficient) double-auction institution or in a posted-offers one (favoring sellers), and second how much to trade. When sellers face decreasing returns to scale (increasing production costs), fast coordination on the double-auction occurs, with the posted-offers institution becoming inactive. In contrast, under constant returns to scale, both institutions remain active and coordination is slower. The reason is that sellers trade off higher efficiency in a market with dwindling profits for biased-up profits in a market with vanishing customers. Hence, efficiency alone might not be sufficient to guarantee coordination on a single market institution if the surplus distribution is asymmetric. Trading behavior approaches equilibrium predictions (market clearing) within each institution, but switching behavior across institutions is explained by simple rules of thumb, with buyers chasing low prices and sellers considering both prices and trader ratios.

A model to evaluate the effects of the returns to scale on the inverse data envelopment analysis

2021 ◽  
Author(s):  
M. Ebrahimzade Adimi ◽  
M. Rostamy-Malkhalifeh ◽  
F. Hosseinzadeh Lotfi ◽  
R Mehrjoo
Keyword(s):  
Data Envelopment Analysis ◽  
Returns To Scale ◽  
Data Envelopment
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