Marshallian External Economies

Renee Prendergast

Marshallian External Economies

Research output: Contribution to journal › Article

Abstract

This paper argues that, in the absence of indivisibilities, the expansion of an industry cannot generate economies of scale unless individual firms introduce the same change s in the way they carry out their activities. In the absence of some plausible focusing device, there is no good reason to expect this to happen.

Original language	English
Pages (from-to)	454-458
Number of pages	5
Journal	Economic Journal
Volume	103
Publication status	Published - Mar 1993

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Prendergast, R. (1993). Marshallian External Economies. Economic Journal, 103, 454-458.

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