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One of the reasons behind this is the above-mentioned scale and scope effect.
There was no "scope" effect affecting the WTP response of a respondent in the study.
The coefficient of Scenario2 dummy variable indicates that the scope effect does not happen in the Probit model.
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Very large home-markets can in principle sustain such a development, but scale and scope effects are pushing companies to seek markets in other nations or even globally.
We conclude that conformity of the size of scope effects with prior expectations should form a focus for future validity testing.
The analysis indicates that improvements in all of the bathing water related attributes studied result in positive willingness to pay, and also show evidence of scope effects.
There is a general tradeoff between the competition effect and economies of scale and scope; large contracts can benefit from the scale and scope effects but have to compromise competition.
In addition we did not include specialization effects of hospitals in our model and only ensured a minimal scale of hospitals but did not fully model economies of scale nor economies of scope effects.
These two findings on the R&D level and the performance support the scope economy effect of M&A, on the one hand, and reject the scale economy effect of M&A, on the other.
Last month the Cabinet Office launched its Red Tape Challenge, little noticed at the time but potentially huge in scope and effect.
The exhibitions mounted to commemorate Sept. 11 and its fitful, excruciating aftermath vary tremendously in scope and effect.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com