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

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

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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:
Keywords: economics
Abstract:

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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