Optimal investment policy of the regulated firm (Q1124515): Difference between revisions
From MaRDI portal
Changed an Item |
ReferenceBot (talk | contribs) Changed an Item |
||
(One intermediate revision by one other user not shown) | |||
Property / MaRDI profile type | |||
Property / MaRDI profile type: MaRDI publication profile / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Q3753738 / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Q3903596 / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Q4146163 / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Sufficient Conditions in Optimal Control Theory / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Q3685517 / rank | |||
Normal rank |
Revision as of 10:24, 20 June 2024
scientific article
Language | Label | Description | Also known as |
---|---|---|---|
English | Optimal investment policy of the regulated firm |
scientific article |
Statements
Optimal investment policy of the regulated firm (English)
0 references
1989
0 references
The purpose of the paper is to investigate the optimal investment behaviour of a regulated firm and to show that the so-called Averch- Johnson effect does not necessarily exist in a dynamic model of a profit maximizing firm when its revenue function is concave. A great deal of the paper concerns an analysis of 3 types of solutions of the model presented therein in the cases of undercapitalization, overcapitalization and neutralization.
0 references
optimal employment
0 references
optimal investment
0 references
regulated firm
0 references