Endogenous firm objectives
(2003)
Journal Article
Renstrom, T., & Yalcin, E. (2003). Endogenous firm objectives. Journal of Public Economic Theory, 5(1), 67-94. https://doi.org/10.1111/1467-9779.00122
We analyze the behavior of a monopolistic firm in general equilibrium when the firm's decisions are taken through shareholder voting. We show that, depending on the underlying distribution, rational voting may imply overproduction as well as underpro... Read More about Endogenous firm objectives.