Maintenance expenditures and indeterminacy under increasing returns to scale

Indeterminacy, Business Cycles, and Modest Increasing Returns to Scale

In this paper a dynamic model of monopolistic competition with entry and exit has been presented and examined. It is shown that the model displays indeterminacy at modest degrees of increasing returns in cases where the market power in the consumption goods market and in the investment goods market diiers. Furthermore, the model is quite successful in replicating major U.S. business cycle facts...

Consumption externality and indeterminacy under increasing returns to scale and endogenous capital depreciation

Article history: Accepted 17 January 2014 Available online 15 February 2014 JEL classification: C62 E21 E22

Capacity Utilization under Increasing Returns to Scale

Dynamic Influence Maximization Under Increasing Returns to Scale

Influence maximization is a problem of maximizing the aggregate adoption of products, technologies, or even beliefs. Most past algorithms leveraged an assumption of submodularity that captures diminishing returns to scale. While submodularity is natural in many domains, early stages of innovation adoption are often better characterized by convexity, which is evident for renewable technologies, ...

The indeterminacy of equilibrium city formation under monopolistic competition and increasing returns

We study the indeterminacy of equilibrium in the Fujita-Krugman (1995) model of city formation under monopolistic competition and increasing returns. Both the number and the locations of cities are endogenously determined. Assuming smooth transportation costs, we examine equilibria in city-economies where a …nite number of cities form endogenously. For any positive integer K, the set of equilib...