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Welfare-maximizing location versus profit-maximizing location
Abstract The purpose of this paper is to develop a welfare-maximizing location model for a regulated firm and then to compare it with a profit-maximizing model as set forth by previous location theorists. It will be shown that two otherwise identical firms harboring different objectives will have different patterns of industrial location.
Welfare-maximizing location versus profit-maximizing location
Abstract The purpose of this paper is to develop a welfare-maximizing location model for a regulated firm and then to compare it with a profit-maximizing model as set forth by previous location theorists. It will be shown that two otherwise identical firms harboring different objectives will have different patterns of industrial location.
Welfare-maximizing location versus profit-maximizing location
Hwang, Hong (author) / Mai, Choa-cheng (author)
1986
Article (Journal)
English
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