Joint production model: A note on a connection between market prices and CP anchor values | Zendy

Ballestero Enrique | Zendy

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Joint production model: A note on a connection between market prices and CP anchor values

Author(s) -

Ballestero Enrique

Publication year - 1994

Publication title -

journal of multi‐criteria decision analysis

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.462

H-Index - 47

eISSN - 1099-1360

pISSN - 1057-9214

DOI - 10.1002/mcda.4020030206

Subject(s) - profit (economics) , production (economics) , joint (building) , economics , connection (principal bundle) , industrial organization , microeconomics , property (philosophy) , mathematics , engineering , architectural engineering , geometry , philosophy , epistemology

This paper focuses on a justification of the assumption ‘In a joint production competitive industry, market prices are inversely proportional to anchor values’. This assumption is important to underpin the property ‘In a competitive industry the maximum profit mix and the best technological mix coincide’.

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