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A class of behavioral models for the profit-maximizing firm
Choné, Philippe; Linnemer, Laurent - 2022
We study the behavior of a firm that consistently maximizes a misspecified profit function. We provide an equilibrium concept where the misspecification error remains undetected. We examine the uniqueness and stability of the equilibria. The model of the price-taking firm belongs to this class....
Persistent link: https://www.econbiz.de/10013186353
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Pricing and supply chain transparency to conscientious consumers
Bertini, Marco; Bühler, Stefan; Halbheer, Daniel - 2020
This paper studies how a firm should make pricing and transparency decisions when consumers care about supply chain … characteristics. We first show how preferences that account for price and unit cost constrain the firm’s pricing power and profit …
Persistent link: https://www.econbiz.de/10012310529
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The relationships between costs and user charges : the case of a Norwegian utility service
Borge, Lars-Erik; Rattsø, Jørn - 2003
The paper investigates the relationships between costs and user charges in the sewage industry in Norwegian local governments. The purpose of the analysis is to answer the following questions: (i) To what extent is a higher unit cost passed on to consumers in terms of a higher user charge? (ii)...
Persistent link: https://www.econbiz.de/10011509458
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State ownership and control in the Czech Republic
Kočenda, Evžen; Hanousek, Jan - 2009
We analyze the extent of the integrated control of the state over privatized firms during the post-privatization decade (1995-2005) in the Czech Republic. During this period the integrated control potential of the state resembled a corporate pyramid. While pyramidal control was not fully...
Persistent link: https://www.econbiz.de/10003887481
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Behavioral economics as applied to firms : a primer
Armstrong, Mark; Huck, Steffen - 2010
profit-maximization (including managers who are overconfident or base pricing decisions on sunk costs), the impact of social …
Persistent link: https://www.econbiz.de/10003937240
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Pay as you go : a new proposal for museum pricing
Frey, Bruno S.; Steiner, Lasse - 2010
Museums have many different goals beyond efficiency such as social equity, financial revenue, attracting donors and … gaining international, regional or local prestige. Various pricing schemes are being discussed with the aim of reaching these … additional goals. Each scheme has clear advantages and disadvantages. We propose an innovative pricing instrument: Exit prices …
Persistent link: https://www.econbiz.de/10003997593
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Stakeholder governance, competition and firm value
Allen, Franklin; Carletti, Elena; Marquez, Robert - 2014
In many countries, the legal system or social norms ensure that firms are stakeholder oriented. We analyze the advantages and disadvantages of stakeholder-oriented firms that are concerned with employees and suppliers compared to shareholder-oriented firms in a model of imperfect competition....
Persistent link: https://www.econbiz.de/10010249637
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Complexity, efficiency, and fairness of multi-product monopoly pricing
Miravete, Eugenio J.; Seim, Katja; Thurk, Jeff - 2014
profits, and greater welfare. The current one-size-fits-all pricing rule ignores variations in demand elasticities resulting …
Persistent link: https://www.econbiz.de/10010256099
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Alternative objectives in an oligopoly model : an aggregative game approach
Cornes, Richard; Itaya, Jun-ichi - 2016
A rapidly growing literature analyzes models in which firms maximize objectives other than profit and enjoy market power. Examples include the labor-managed firm, mixed oligopoly, and delegation models. These models typically retain the aggregative structure of the conventional Cournot model of...
Persistent link: https://www.econbiz.de/10011565597
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Why firms should care for all consumers
Planer-Friedrich, Lisa; Sahm, Marco - 2015
We compare the strategic potential of Corporate Social Responsibility and Customer Orientation as commitments to larger quantities in Cournot competition. In addition to profits, firms can choose to care for the surplus of either all consumers (CSR) or their own customers only (CO), and if so,...
Persistent link: https://www.econbiz.de/10011387393