Cost curves and supply curves

  title={Cost curves and supply curves},
  author={Jacob Viner},
  journal={Zeitschrift f{\"u}r National{\"o}konomie},
  • J. Viner
  • Published 1932
  • Economics
  • Zeitschrift für Nationalökonomie
It is the primary purpose of this article to develop a graphical exposition of the manner in which supply curves are dependent upon the different possible types of technological and pecuniary cost situations, under the usual assumptions of atomistic competition and of rational economic behavior on the part of the producers. No attempt is made here at realistic description of the actual types of relationship between costs and supply, and the purpose is the more modest one of presenting the… 

Factor Prices and the Shape of Average Cost Curves with Special References To International Trade

This paper shows that the shapes of average cost and marginal cost curves and the possibility of scale economies can be quite sensitive to factor price configuration. We illustrate our analysis in

Pecuniary Externalities and Referent Groups in the Operation of the Price System

In a recent article elucidating the significance of the notion of producers' surplus, Berry [1] has demonstrated that the area above the conventional supply curve constitutes a valid partial

The Construction of Long-Run Market Supply Curves: Some Notes on Sraffa’s Critique of Partial Equilibrium Analysis

The 1925 paper by Piero Sraffa, ‘On the relations between cost and quantity produced’, originally published in Italian in Annali di Economia as ‘Sulle relazioni fra costo e quantita prodotta’,

The industry supply curve: Two different traditions

Abstract The present paper seeks to provide some new insights into the precise nature and the analytical foundations (or lack of them) of the familiar industry supply curve. We reconsider some

What Is Supply-and-Demand? The Marshallian Cross Versus Classical Economics

ABSTRACT This study argues that the supply-and-demand apparatus of the ‘Marshallian cross’ is an unsatisfactory representation of actual supply and demand forces, which are better characterized in

The Economics of Cost Recovery in Transport

There have periodically been sea changes in the way in which the economic regulation of transport has been viewed. While the traditional divide between the 'Continental' philosophy of regulation ?

Externalities and Land Economics

Consequently, it would be possible to increase the national dividend by shifting resources from one group of industries to another. This thesis, however, was dubbed unacceptable by Professor Knight

The case for increasing returns (2): the methods of planning horizons

In neoclassical economics, substitution assumptions support equilibrium models in closed systems shunning interdependence. On these grounds an array of frames show outcomes as stable, efficient,

Industry Cost Curves and the Spatial Organisation of Production

The nature of production is examined for a particular class of economic activity at the level of the region. Average cost conditions at the plant level are specified, from which the long-run average

Between Competition and Monopoly

In this chapter, we discuss the basic elements of the neoclassical theory of the firm and competition. We begin with the evolution of the notion of competition as a dynamic process of rivalry of