Optimal investment policy of the regulated firm (Q1124515)
From MaRDI portal
!
This is the item page for this Wikibase entity, intended for internal use and editing purposes. Please use the normal view instead:
scientific article; zbMATH DE number 4112349
| Language | Label | Description | Also known as |
|---|---|---|---|
| default for all languages | No label defined |
||
| English | Optimal investment policy of the regulated firm |
scientific article; zbMATH DE number 4112349 |
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
0.7913058996200562
0 references
0.7731326818466187
0 references
0.7546893954277039
0 references
0.7546893954277039
0 references
0.7539539337158203
0 references
