The price normalization problem in imperfect competition and the objective of the firm

DOI10.1007/S001990050293zbMath0942.91034OpenAlexW3121862611MaRDI QIDQ1306634

Egbert Dierker, Birgit Grodal

Publication date: 5 October 1999

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s001990050293

zbMATH Keywords

imperfect competitionoligopolyfirms' objectivesprice normalization problemprofits and shareholders' demandreal wealth maximization

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) General equilibrium theory (91B50) Consumer behavior, demand theory (91B42)

Related Items (19)

Production externalities: internalization by voting ⋮ Price normalization under imperfect competition ⋮ A note on ad valorem and per unit taxation in an oligopoly model ⋮ Investment and financing in incomplete markets ⋮ Shareholder voting ⋮ An existence theorem for Cournot-Walras equilibria in a monopolistically competitive economy ⋮ Cournotian duopolistic firms may be Walrasian: a case in the Gabszewicz and Vial model ⋮ A general equilibrium analysis of corporate control and the stock market ⋮ Corporate self-regulation of imperfect competition ⋮ Existence of equilibrium in the Helpman-Krugman model of international trade with imperfect competition ⋮ Income taxation when markets are incomplete ⋮ Ownership structure and efficiency in large economies ⋮ The objective of a privately owned firm under imperfect competition ⋮ On the inefficiency of perfect price discrimination ⋮ When do imperfectly competitive firms maximize profits? The lessons from a simple general equilibrium model with shareholders' voting ⋮ Macroeconomic effects of an indirect tax substitution ⋮ Indeterminacy of Cournot-Walras equilibrium with incomplete markets ⋮ Imperfect competition and capital accumulation: The role of price normalization ⋮ Non-existence of duopoly equilibria: A simple numerical example

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