A Mixed Firm Objective Function: Some Instances of Bizarre Behaviour

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.

MoreLess

Year of publication:	1991
Authors:	Delbono, Flavio ; Rossini, Gianpaolo
Publisher:	Bologna : Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)

More details

Series:	Quaderni - Working Paper DSE ; 114
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	10.6092/unibo/amsacta/5250 [DOI] hdl:10419/158957 [Handle] RePEc:bol:bodewp:114 [RePEc]
Source:	EconStor

Persistent link: https://www.econbiz.de/10011650983