BEHAVIOR OF THE FIRM SUBJECT TO EXTERNAL REGULATORY CONSTRAINT,
Abstract
The purpose here is (a) to develop a theory of the monopoly firm seeking to maximize profit but subject to a constraint on its rate of return and (b) to apply the model to one particular regulated industry -- the U. S. telephone industry.
Document Details
- Document Type
- Technical Report
- Publication Date
- Dec 01, 1961
- Accession Number
- AD0606193
Entities
People
- Harvey Averch
- Leland L. Johnson
Organizations
- RAND Corporation