Slide 1Firm & Production EA Session 5: July 11 th, 2007 Prof. Samar K. Datta Slide 2 Overview Why does a firm exist? –Decision to buy (subcontracting) or to make (internalization/…
Slide 1Cost Theory EA Session 7 July 13, 2007 Prof. Samar K. Datta Slide 2 Overview Short run costs Long run costs & economies of scale Economies of scope & product…
Slide 1X. The economics of superstars Slide 2 Motivation Some workers seem to earn very large wages: sports, movies, top managers, etc These rents seem associated with their…
Slide 1Endogenous growth theory III. R and D Slide 2 Where are we? There seems to be convergence to own steady state, although rate is low We expect permanent policy differences…
This article was downloaded by: [Universiti Putra Malaysia] On: 19 October 2010 Access details: Access Details: [subscription number 731790259] Publisher Routledge Informa…
EC4004 Lecture 10: Costs Dr. S. Kinsella Dates: October 17th -24th Best of 2 attempts 10% of Final Grade Yesterday Production Function Marginal Products Diminishing Marginal…
The Puzzle of Development: Whys don’t they do it more efficiently? Who has more productive knowledge? WHO HAS MORE PRODUCTIVE KNOWLEDGE? AN INUIT? Who has more productive…