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A two-period durable-goods monopoly model is analyzed where the durable good is provided by a state owned enterprise (SOE). First, we suppose that the SOE is under pressure to provide employment, and therefore has an employment goal, as well as the traditional profit and consumer surplus...
Persistent link: https://www.econbiz.de/10010573283
A simple linear demand two-period durable goods is analyzed where the durable good is provided by a "socially responsible" or "socially concerned" firm (SCF). These firms typically have objectives other than pure profit maximization, such as consumer welfare. A flexible objective function is...
Persistent link: https://www.econbiz.de/10005171274