haku: @indexterm CHEMICAL INDUSTRY / yhteensä: 367
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| Tekijä: | Lieberman, M. B. |
| Otsikko: | Market growth, economies of scale, and plant size in the chemical processing industries. |
| Lehti: | Journal of Industrial Economics
1987 : DEC, VOL. 36:2, p. 175-191 |
| Asiasana: | CHEMICAL INDUSTRY ECONOMIES OF SCALE COMPANY GROWTH ECONOMETRIC MODELS REGRESSION ANALYSIS |
| Kieli: | eng |
| Tiivistelmä: | What factors determine the size of new industrial plants? Data on 22 chemical products were used to test alternative models of capacity expansion, including the Manne model and a " scale frontier" model. The sample included 422 chemical plants in the US. The empirical results strongly support the scale frontier model. The size of new plants increased more than five-fold from the late 1950s through the early 1980s. This process evolved along a time trend that was unrelated to market concentration, market growth, or the magnitude of investment scale economies. Entrants typically built smaller plants than incumbents' but all firms built plants closer to the technological frontier when small plants carried a higher relative cost penalty. |
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