The Economics of Discretionary Behavior: Managerial Objectives in a Theory of the FirmPrentice-Hall, 1964 - Počet stran: 182 |
Obsah
CHAPTER | 1 |
REVISIONS TO THE THEORY OF THE FIRM | 10 |
Profit maximization reconsidered | 17 |
Autorská práva | |
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The Economics of Discretionary Behavior: Managerial Objectives in a Theory ... Oliver E. Williamson Zobrazení fragmentů - 1964 |
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actual profit administrative and selling adversity analysis assumption behavior budgeting business firm cardinal utility cent ceteris paribus Chapter comparative statics properties COMPARATIVE STATICS RESPONSES competition concentration ratio cost reduction decision developed economic Equation equilibrium examined executive compensation expenditures expense preference extreme instance firm's Gross sales billed gross substitution effect headquarters expense Hence income effect increase indifference curves indirect costs individual industry level of staff lump-sum tax managerial discretion model marginal costs marginal rate minimum profit constraint monopoly motivational objective observed obtained operating divisions organization partial derivatives positive preference predicted preference for staff principal firms profit goals profit maximizing model profits tax rate Qualitative Economics rate of substitution reduced requires return on total selling expense social choice social welfare function staff and output stockholders tastes theory tion To(D total gross assets utility function utility maximizing firm value consensus variable Welfare Economics ах