Measurement of capacity utilization for revenue-maximizing firms

Article Abstract:

Capacity utilization measurements (CU) have proven useful in analyzing current economic status of single-product companies in the short-run. A modification of CU was used to analyze the economic performance of multi-product companies whose objectives are revenue maximization. Results showed that the effects of individual product price changes on CU are determined by the product-specific scale elasticity.

Research, Prices

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A Note on Efficiency Wage Theory and PrincipaluAgent Theory

Article Abstract:

The article differentiates between models for the two theories and their resultant usage. Incentives provided by efficiency wages emphasize the agent's input; incentives provided by principal-agent relationships emphasize the agent's output.

Germany, Business, Comparative analysis, Wages, Wages and salaries, Business models, Salary, Economic theory

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Imperfect capital mobility and local government behavior in a two-period economy

Article Abstract:

A two period economy model is presented, having imperfect mobile capital.

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