51. Economías de escala y rendimientos crecientes.
- Author
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Ángulo, Natanael Ramírez, Lagarda, Alejandro Mungaray, Urquidy, Martín Ramírez, and Flores, Michelle Texis
- Subjects
- *
SMALL business , *BUSINESS enterprises , *PRODUCTION (Economic theory) , *MATHEMATICAL models in business , *ECONOMIES of scale , *MANAGEMENT , *ECONOMICS - Abstract
The paper discusses the conditions for microenterprises to remain in the market. The analysis demonstrates that microenterprises facing tight constraints may remain in the market only if they are capable of achieving increasing returns and economies of scale that shift down their average cost curves towards more competitive levels. This finding is supported by the analysis of a sample of 95 Mexican microenterprises, and by the estimation of a production optimization model. [ABSTRACT FROM AUTHOR]
- Published
- 2010