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Empirical Study of Scale Economies and Production Complementarity

The Case of Journal Publication

Bibliographic Data

ID10179896
AuthorsWilliam J Baumol, Yale M Braunstein
Year1977
Volume85
Issue5
Pages1037-1048
Publication date1977-10-01
Open AccessNo
TypeARTICLE
VenueJournal of Political Economy (JOURNAL)
Journal identifiersISSN: 0022-3808 • E-ISSN: 1537-534X
PublisherUniversity of Chicago Press (PUBLISHER • US)
DOI10.1086/260620
OpenAlexW2069545202
LanguageEN
Citations received12
References cited1

An empirical study applying the theory of scale economies and inter-product complementarity. Several recently formulated concepts of the theory of scale economies are examined with the aid of estimates of cost functions, using data for publishers of scientific journals. In one case the observations are shown to fall near the outer limits of the range of declining costs, implying that neither amalgamation nor breakup of firms will reduce total cost. In another case the observations fall well within the subadditive range, implying that amalgamation can provide savings. The study confirms the applicability of the new theory of scale economies

Breakup · Complementarity (molecular biology · Econometrics · Economics · Economies of scale · Empirical research · Microeconomics · Production (economics · Returns to scale · Scale (ratio · Statistics · Subadditivity · Business Strategy and Innovation · Economic theories and models · Intellectual Capital and Performance Analysis · Mathematics

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Citations per year0.26
Citation span1980 - 2025 (46)
Highly citedNo

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