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PREVAILING APPROACHES TO ANALYZING SCALE EFFECTS
t Golds Model
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activity agglomerates American Iron analysis average hearth diameter basic Bela Gold blast furnace day blast furnace productivity blast furnace sector blast temperature burden rate capital changes chapter coke rate Composite Price consumption domestic economies of scale effects efficient energy engineering equation equipment units estimated factors factors of production feet Figure firms flue dust flux rate fuel injection hearth area homogeneous hot blast improvements increase in output increases in scale indicate indivisible innovations Iron and Steel iron produced iron-bearing materials labor Lake Superior long run average major Materials Consumed measure natural iron content output per blast output per man-hour pellets percent perfect competition period of operation pig iron possible price of iron-bearing production function rebuilding reduced regression relationship relative returns to scale run average cost scale of production scrapped furnaces sinter plants sources Statistical substitution technique technological value added variable Wholesale Price Index