Decomposition of Long-run Cost Efficiency Using Long-run Average Cost Curve - Focusing on Korean Securities Industry-

2018 ◽  
Vol 36 (4) ◽  
pp. 169-193
Author(s):  
Eunhwa Park ◽  
Daesik Lee ◽  
Sangmok Kang
Keyword(s):  
Cost Efficiency ◽  
Average Cost ◽  
Cost Curve ◽  
Long Run ◽  
Securities Industry ◽  
Average Cost Curve

Up the average cost curve: Inefficient entry and the new protectionism

1986 ◽  
Vol 20 (3-4) ◽  
pp. 225-247 ◽  
Author(s):  
Ignatius J. Horstmann ◽  
James R. Markusen
Keyword(s):  
Average Cost ◽  
Cost Curve ◽  
Average Cost Curve

The Middle Sized Farming Operation: A Goods-and-Services Firm?

1971 ◽  
Vol 3 (1) ◽  
pp. 123-128 ◽  
Author(s):  
J. A. Ginzel ◽  
E. W. Kehrberg ◽  
G. D. Irwin
Keyword(s):  
Steep Slope ◽  
Cost Curve ◽  
Land Resources ◽  
Middle Portion ◽  
Goods And Services ◽  
Empirical Estimates ◽  
Long Run ◽  
Downward Pressure ◽  
Average Cost Curve ◽  
Left Portion

Traditionally, the economics of farm number adjustments have been inferred from the relative positions of firms on a longrun average cost curve. The steep slope of the left portion of the commonly drawn curve suggests demise of the smaller units as fast as off-farm and inter-farm markets can absorb their labor and land resources. On the less steeply declining middle portion of the curve, insufficient volume of output (income) is suggested as a cause of firms quitting. The argument is supported by the fact that most empirical estimates do not show the long-run cost curve rising at large outputs. This places downward pressure on product prices, reducing per unit margins, and creating income problems for the middle group of firms. Adjustments in the farming sector are then viewed as constrained by the limitations of factor and product markets, as well as by values and traditions of farm people.

Returns to Scale and the Average Cost Curve: Comment

1971 ◽  
Vol 73 (2) ◽  
pp. 259 ◽  
Author(s):  
Finn R. Førsund ◽  
Finn R. Forsund
Keyword(s):  
Average Cost ◽  
Returns To Scale ◽  
Cost Curve ◽  
Average Cost Curve
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