“The Cost Problem According to Standard Theory - A Critical Note”
Authors: Jan-Evert Nilsson and Kjell Kalgraf,Affiliation: Resource Policy Group, Norway
Reference: 1982, Vol 3, No 1, pp. 53-63.
Keywords: Economic theory, international competition, cost problem
Abstract: This paper examines and criticizes the standard theoretical basis for the argument that a cost-oriented government policy is necessary if a country with a high-cost problem is to improve its competitive powers. According to theory, a firm can only deal with a long-term high-cost problem by increasing its productivity. In attempting to increase productivity, the firm will encounter two problems:.
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DOI: 10.4173/mic.1982.1.5References:
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BibTeX:
@article{MIC-1982-1-5,
title={{The Cost Problem According to Standard Theory - A Critical Note}},
author={Nilsson, Jan-Evert and Kalgraf, Kjell},
journal={Modeling, Identification and Control},
volume={3},
number={1},
pages={53--63},
year={1982},
doi={10.4173/mic.1982.1.5},
publisher={Norwegian Society of Automatic Control}
};