Optimal scale 

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Microsoft Word - DP_voorblad_scale_def.doc
... 20 employees. scale inefficiencies show a hump-shape pattern with strong potential scale economies for the smallest firms. nonetheless, some firms operate at a scale below the minimal optimal scale. ... operate at an optimal scale under an industry-specific crts technology. this yields the counterfactual benchmark for scale efficiency. if a particular size class is the optimal scale, the x-efficiency ...
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solving large scale normalised rational expectations models pdf
... possible that it will reach convergence with the subperiod method. it is difficult to determine optimal sizes for l and k. a smaller l leads to smaller jacobians, but more subperiods ... proprietary software package developed by cooperation with the university of aarhus, denmark, for solving large scale normalised econometric models and manipulating data. for solving for dx in the linear system df ...
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Report FM
... current sovereign debt crisis has exposed emu as not being what economists would call an optimal currency area. we do not address the potential long- term pros and cons of dismantling ... 1998-2007 (% of gdp) overvalued currencies undervalued currencies source ecowin, ing calculations in assessing the scale of the currency movements, we have examined a number of considerations. aside from immediate ...
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