The objective of a privately owned firm under imperfect competition

被引：11

作者：

Bejan, Camelia ^{[1
]}

机构：

[1] Rice Univ, Dept Econ MS 22, Houston, TX 77005 USA

来源：

ECONOMIC THEORY | 2008年 / 37卷 / 01期

关键词：

firm's objective; shareholders' preferences; imperfect competition; general equilibrium;

D O I：

10.1007/s00199-007-0289-5

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper proposes a model of imperfect competition among privately owned firms that act in the best interest of their shareholders. The existence of a solution for the model is proved under weaker conditions than the ones generally used in the literature. In particular, the results did not require the existence of a continuous equilibrium price selection or concavity assumptions on the profit function.

引用

页码：99 / 118

页数：20

共 10 条

[1]

Aliprantis CD, 2006, Infinite Dimensional Analysis: A Hitchhiker's Guide

[2]

CODOGNATO G, 1994, EC NOTES, V3, P388

[3] NEW CONCEPTS AND TECHNIQUES FOR EQUILIBRIUM-ANALYSIS [J].