A Mixed Firm Objective Function: Some Instances of Bizarre Behaviour

Delbono, Flavio ; Rossini, Gianpaolo (1991) A Mixed Firm Objective Function: Some Instances of Bizarre Behaviour. Bologna: Dipartimento di Scienze economiche DSE, p. 12. DOI 10.6092/unibo/amsacta/5250. In: Quaderni - Working Paper DSE (114). ISSN 2282-6483.
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Abstract

We analyse the objective function of a mixed firm, i.e. a firm whose controllers have different objectives (profit and value added per worker). It seems that the optimal output behaves in a bizzarre manner near critical values of a weight parameter. Output jumps up or down whenever we approach the critical value respectively from above or from below.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Delbono, Flavio0000-0001-9030-4048
Rossini, Gianpaolo0000-0001-9897-6682
Subjects
ISSN
2282-6483
DOI
Deposit date
01 Jul 2016 07:42
Last modified
01 Jul 2016 07:42
URI

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