Article ID: | iaor1995341 |
Country: | United Kingdom |
Volume: | 3 |
Issue: | 2 |
Start Page Number: | 119 |
End Page Number: | 121 |
Publication Date: | Aug 1994 |
Journal: | Journal of Multi-Criteria Decision Analysis |
Authors: | Ballestero E. |
Keywords: | economics |
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’.