Non?linear revenue evaluation

نویسندگان

چکیده

In this article, we investigate different market structures where decision makers are incentivized by both profit and revenue. Our innovation is that consider managers evaluate revenue in a non-linear way, exhibiting diminishing marginal utility. This implies incremental changes revenue—for example, due to demand shocks—generate production choices depend on the existing base of firm. We show intuitively appealing extension reverses some conventional results: may increase output presence negative shocks, which depends concavity their utility function with respect

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Revenue decentralization and inflation: a re-evaluation

A problematic feature of the existing empirical literature on the relationship between revenue decentralization (RD) and inflation is the use of inaccurate measures for RD. Using a newly constructed measure for RD that accounts for over-time changes in subnational tax autonomy, this paper finds that RD leads to lower inflation.

متن کامل

Revenue Cycle

Kingman Regional Medical Center of Kingman, Ariz., is a 235-bed rural hospital serving a fast-growing community with expanding healthcare needs. Like most hospitals and health systems, Kingman Regional faces the challenge of rising expenses and declining levels of payment. In 2007, the hospital improved its financial performance by correcting widespread procedural and systems issues that were c...

متن کامل

Blind Network Revenue Management

We consider a general class of network revenue management problems, where mean demand at each point in time is determined by a vector of prices, and the objective is to dynamically adjust these prices so as to maximize expected revenues over a finite sales horizon. A salient feature of our problem is that the decision maker can only observe realized demand over time but does not know the underl...

متن کامل

Characterization of Revenue Equivalence

The property of an allocation rule to be implementable in dominant strategies by a unique payment scheme is called revenue equivalence. In this paper we give a characterization of revenue equivalence based on a graph theoretic interpretation of the incentive compatibility constraints. The characterization holds for any (possibly infinite) outcome space and many of the known results about revenu...

متن کامل

ذخیره 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: Scottish Journal of Political Economy

سال: 2021

ISSN: ['0036-9292', '1467-9485']

DOI: https://doi.org/10.1111/sjpe.12303