Arbeitspapier

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.

Language: Englisch

Bibliographic citation: Series: Quaderni - Working Paper DSE ; No. 114

Classification: Wirtschaft

Event: Geistige Schöpfung

(who): Delbono, Flavio
Rossini, Gianpaolo

Event: Veröffentlichung

(who): Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)

(where): Bologna

(when): 1991

DOI: doi:10.6092/unibo/amsacta/5250

Handle: http://hdl.handle.net/10419/158957

Last update: 10.03.2025, 11:42 AM CET

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Object type

Arbeitspapier

Associated

Delbono, Flavio
Rossini, Gianpaolo
Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)

Time of origin

1991

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