Results 261 to 270 of about 142,507 (303)

Exit option for a class of profit functions

International Journal of Computer Mathematics, 2016
ABSTRACTIn this paper we propose a formula to derive the value of a firm which is currently producing a certain product and faces the option to exit the market, whose demand follows a geometric Brownian motion. The problem of optimal exiting is an optimal stopping problem that can be solved using the dynamic programming principle.
Manuel Guerra, Cláudia Nunes, Carlos Oliveira 0004   +2 more
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Optimizing Multinomial Logit Profit Functions

Management Science, 1996
The multinomial logit model is a standard approach for determining the probability of purchase in product line problems. When the purchase probabilities are multiplied by product contribution margins, the resulting profit function is generally nonconcave.
Ward Hanson, Kipp Martin
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The Profit Function

1995
The strongest behavioral assumption that we make is competitive profit maximization. In this chapter we discuss the resulting profit function and relate it to the other nine representations of technology. In particular, duality theorems between each of the four distance functions and the profit function are presented. For this reason we were tempted to
Rolf Färe, Daniel Primont
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Estimation of Profit Functions When Profit Is Not Maximum

American Journal of Agricultural Economics, 2001
AbstractThis paper deals with derivation and implications of profit functions when profit is not maximum due to the presence of either technical inefficiency or allocative inefficiency, or both. We show that input demand and output supply, elasticities, and returns to scale are, in general, affected by these inefficiencies.
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Profit and Entrepreneurial Functions

The Journal of Economic History, 1942
In so far as the term “profit” has any fairly concrete and generally understood meaning, it designates the income accruing to the owner of a business or productive “enterprise,” through the operations of that business or enterprise. The owner may be an individual or a group, organized in some way as a legal entity; most typically, it is a “corporation,”
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Investment functions and the profitability gap

Journal of Post Keynesian Economics, 2008
We examine a variety of fixed asset investment theory approaches and show that, despite apparent differences, all contain a common "gene"—the profitability gap. This finding is equally applicable to the paradigms of neoclassical general equilibrium in logical time and postclassical fully adjusted stationary and steady states in historical time.
Peter Romilly, Colin Richardson
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A Note on Using Profit Functions to Aggregate Production Functions

International Economic Review, 1973
SEVERAL RECENT ARTICLES ([4], [5], [8], [9]) have followed Houthakker's procedure [3] for aggregating the production functions of the firms in an industry to get the production function of the industry. By production function of an industry, we mean a function which specifies, for each vector of inputs to the industry, that output which is gotten when ...
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Properties of cost and profit functions

1991
The cost function. Properties of the cost function. Conditional factor demand functions. x*(w, y) is the vector x* that solves the problem in (25.1). Properties of the conditional factor demand function. Shephard’s lemma. Properties of the substitution matrix.
Peter Berck, Knut Sydsæter
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Decompositions of profitability change using cost functions [PDF]

Journal of Econometrics, 2014
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Commercial Bank Profitability by Function

Financial Management, 1973
I n studying the profitability of commercial banks by function it becomes obvious that they need to know much more about cost of funds and price and output behavior if they are to expand service(s) profitably. With the possible exception of university administrators and church leaders, it is highly probable that commercial bankers know less about ...
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