Economics, Econometrics and Finance
4 years ago

New method reveals downsizing production units for economic and environmental benefits!

RePEc: Research Papers in Economics
Towards a more appropriate method for determining the optimal scale of production units
Martin Grosskopf

Paper Summary

The article explores how large production units can lead to inefficiencies and environmental harm. By focusing on factors that determine the best size for production, the researchers found that downsizing can bring economic and environmental benefits. This suggests that smaller production units are often more socially optimal than larger ones.

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