Forbes contributors publish independent expert analyses and insights. I write on fiscal and economic policy. Over at Slate, Matt Yglesias warns governments that profit-maximizing prices for ...
Log-in to bookmark & organize content - it's free! A panel discussion was held on the work of philosopher and economist F.A. Hayek. Here Professor Richard Epstein discusses Hayek's view of government ...
Empirical evidence is scarce on whether firms set profit-maximizing prices, as these typically depend delicately on details of difficult-to-observe strategic interactions. To avoid this problem, this ...
The expense-preference theory of the firm implies that in noncompetitive product markets, managers hire labor beyond the profit-maximizing level. This theory has recently received empirical support ...
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