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The technology gradient in the market economy
(Centro de Investigación y Docencia Económicas, División de Economía, 2017)
Technological creation and mass production are usually associated with large-scale production, while technological absorption is found more often in small-scale competitive firms. Thus, the link between the innovative and ...
Mass production and competition
(Centro de Investigación y Docencia Económicas, División de Economía, 2014)
I evaluate the optimality properties of a two sector market economy consisting of a mass
production sector with market power and a competitive sector with small scale production.
Adam Smith's results hold: the presence ...