Optimal Behaviour of Revenue Maximizing Firm

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62690094%3A18450%2F12%3A50000360" target="_blank" >RIV/62690094:18450/12:50000360 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Optimal Behaviour of Revenue Maximizing Firm
Original language description
It is traditional to consider a firm as an entity that maximize its profit. This concept of the firm originates from the work of Marshall. If the firm operates under the perfect competition it sets its output in such a way that marginal cost equals marginal revenue. During the history there appeared a different approaches to the managing of a firm. According to Baumol, firms aim to maximize their sales revenue rather than their profit. This idea is known as revenue maximization theory. In the present paper we study a dynamics model of a revenue maximizing firm. The model considers that the firm aims to maximize its revenue within a very long time period.
Czech name
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Czech description
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Project
<a href="/en/project/GA402%2F09%2F0405" target="_blank" >GA402/09/0405: Development of Non-standard Optimization Methods and their Applications in Economy and Management</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2012
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Hradecké ekonomické dny 2012 : Hradec economic days : economic development and management of regions
ISBN
978-80-7435-172-3
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
165-170
Publisher name
Gaudeamus
Place of publication
Hradec Králové
Event location
Hradec Králové
Event date
Jan 31, 2012
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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