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Bembew Economics

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Firm Objectives and Efficiency Measurement

Firm Objectives and Efficiency Measurement

Filter by branch: Overview Producer Theory

Differences in decision-making under varying corporate goals and their economic consequences

Empirical Estimation of Corporate Production Efficiency: Data Envelopment Analysis (DEA) and Random Frontier Analysis (SFA)

Maximizing Sales Goals: The Drivers and Constraints of Firms' Pursuit of Sales Growth

Other corporate goals: market share maximization, managerial utility maximization, social responsibility goals.

Profit maximization objective: the core assumption of traditional theory and its real-world relevance

Social Responsibility Orientation in Corporate Production Decision Adjustment

Producer Theory

Production Functions and Technological Characteristics Cost Theory and Cost Structure Economies of Scale and Returns to Scale Supply Curves and Producer Surplus Dynamic Cost Adjustment and Intertemporal Optimization Short-Run and Long-Run Production Decisions Profit Maximization and Firm Equilibrium

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