The Objective of a Privately Owned Firm Under Imperfect Competition

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

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Year of publication:	2014
Authors:	Bejan, Camelia
Publisher:	[2014]: [S.l.] : SSRN
Subject:	Theorie \| Theory \| Unvollkommener Wettbewerb \| Imperfect competition \| Privatisierung \| Privatization \| Privatwirtschaft \| Private sector
Description of contents:	Abstract [papers.ssrn.com]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Economic Theory, Vol. 37, No. 1, 2008 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 2008 erstellt Volltext nicht verfügbar
Classification:	D21 - Firm Behavior ; D43 - Oligopoly and Other Forms of Market Imperfection ; D51 - Exchange and Production Economies ; D70 - Analysis of Collective Decision-Making. General ; L21 - Business Objectives of the Firm
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013051138