Exit strategies and price uncertainty: a Greenian approach
Article Abstract:
A Greenian approach was utilized to determine the level a demand must fall for a firm to shutdown its operation. The appraoch revealed that the stopping boundary for firms is at a point where the marginal costs of continuing production equals the expected value of future productive options. The approach also highlighted the significance of productive options and expectations of a company in situations where a firm's operation is threatened by falling demand.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 1998
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Separable utility functions
Article Abstract:
Conditions and examples illustrating the norm properness of separable utility functions suggest that norm uniformly proper separable utility functions are much linked to linear utility functions. The basic qualities of separable utility functions that are distributed in a fragmented manner throughout the literature are also presented.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 1997
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The generalized Slutsky relations
Article Abstract:
In mathematical economics, individual demand is qualified using Slutsky relations. A generalization of Slutsky relations is done using utility functions.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 2004
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