The objective of a privately owned firm under imperfect competition (Q943350)
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scientific article; zbMATH DE number 5323293
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| English | The objective of a privately owned firm under imperfect competition |
scientific article; zbMATH DE number 5323293 |
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The objective of a privately owned firm under imperfect competition (English)
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9 September 2008
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This paper proposes a model of imperfect competition among privately owned firms that act in the best interest of their shareholders. The existence of a solution for the model is proved under weaker conditions than the ones generally used in the literature. In particular, the results did not require the existence of a continuous equilibrium price selection or concavity assumptions on the profit function.
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firm`s objective, shareholder`s preference, imperfect competition, general equilibrium
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0.7628685235977173
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0.730371356010437
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0.7215125560760498
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