The objective of a privately owned firm under imperfect competition
type: Item
instance of: scholarly article
title: The objective of a privately owned firm under imperfect competition
zbMATH Open document ID: 1148.91029
author: Camelia Bejan
published in: Economic Theory
publication date: 2008-09-09T00:00:00Z
review text: 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.
reviewed by: Klaus Ehemann
Mathematics Subject Classification ID: 91B38
Mathematics Subject Classification ID: 91B50
zbMATH DE Number: 5323293
zbMATH Keywords: firm`s objective, shareholder`s preference, imperfect competition, general equilibrium
MaRDI profile type: Publication
full work available at URL: s00199-007-0289-5
OpenAlex ID: W1997847635
cites work: Q5386174
cites work: New Concepts and Techniques for Equilibrium Analysis
cites work: The price normalization problem in imperfect competition and the objective of the firm
cites work: Q4552702
cites work: Equilibrium correspondence of linear exchange economies
cites work: Q3335464
cites work: The Classical Theorem on Existence of Competitive Equilibrium
cites work: Discontinuous Games and Endogenous Sharing Rules
DOI: 10.1007/S00199-007-0289-5
description: scientific article; zbMATH DE number 5323293