An Increase in Per Unit Cost: The Response from a Sales Maximizer and a Profit Maximizer
نویسندگان
چکیده
منابع مشابه
An Increase in Per Unit Cost: The Response from a Sales Maximizer and a Profit Maximizer
This paper investigates the decision making of firms with two different objectives – profit maximization and sales maximization, and compares their responses when encountering a higher per unit production cost or if per unit tax is imposed. The discussion in this paper is a follow up of Li and Yao [1], except in this case, a more comprehensive literature review is provided, and a very restricte...
متن کاملAn expected utility maximizer walks into a bar…
We conducted field experiments at a bar to test whether blood alcohol concentration (BAC) correlates with violations of the generalized axiom of revealed preference (GARP) and the independence axiom. We found that individuals with BACs well above the legal limit for driving adhere to GARP and independence at rates similar to those who are sober. This finding led to the fielding of a third exper...
متن کاملA generalized dual maximizer for the Monge–Kantorovich transport problem
The dual attainment of the Monge–Kantorovich transport problem is analyzed in a general setting. The spaces X,Y are assumed to be polish and equipped with Borel probability measures μ and ν. The transport cost function c : X × Y → [0,∞] is assumed to be Borel measurable. We show that a dual optimizer always exists, provided we interpret it as a projective limit of certain finitely additive meas...
متن کاملLionel Robbins: Neoclassical Maximizer or Proto-praxeologist?
Austrian economists writing after the so-called Austrian revival of the 1970s have generally been dismissive of Lionel Robbins’s An Essay on the Nature and Significance of Economic Science (Robbins 1932), denying it a significant role in shaping the modern praxeological paradigm in economics.1 Their attitude in this regard has been heavily influenced by the views of Israel Kirzner. Kirzner (197...
متن کاملThe Shapley value as the maximizer of expected Nash welfare
In this paper we provide an alternative interpretation of the Shapley value in TU games as the unique maximaizer of expected Nash welfare.
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: The Open Management Journal
سال: 2009
ISSN: 1874-9488
DOI: 10.2174/1874948800902010011