In his well-known article on "The Interdependence of Investment Decisions," Chenery investigated the consequences of economies of scale in production activities that are related through the use of intermediate inputs. He demonstrated that investments which are not profitable if undertaken individually may nonetheless be profitable if undertaken simultaneously. His analysis suggests two questions about such critically interdependent investments. Is...
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INFORMATION
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1983/09/30
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Document de travail départemental
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DRD58
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1
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1
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2010/07/01
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The interdependence of investment decisions revisited
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economies of scale in production
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