Britz, Volker; Herings, P.; Predtetchinski, Arkadi - In: Economic Theory 54 (2013) 1, pp. 45-75
conflict about the firm’s objective function tends to arise among its owners. In this paper, we take a new approach to this … transfers to redistribute profits. Nevertheless, our results do support the Drèze criterion as the appropriate objective … function of the firm. Copyright Springer-Verlag Berlin Heidelberg 2013 …