The Objective of a Privately Owned Firm under Imperfect Competition

  • Camelia Bejan¤y
  • Published 2003

Abstract

This paper proposes a model of imperfect competition among privately owned r̄ms that act in the best interest of their shareholders. The existence of a solution for the model is proved under weaker conditions than the ones generally used in the literature. In particular, the results did not require the existence of a continuous equilibrium price selection or concavity assumptions on the pro ̄t function.

Cite this paper

@inproceedings{Bejany2003TheOO, title={The Objective of a Privately Owned Firm under Imperfect Competition}, author={Camelia Bejan¤y}, year={2003} }