Accession Number : AD0606193

Title :   BEHAVIOR OF THE FIRM SUBJECT TO EXTERNAL REGULATORY CONSTRAINT,

Corporate Author : RAND CORP SANTA MONICA CALIF

Personal Author(s) : Averch,Harvey ; Johnson,Leland L.

Report Date : DEC 1961

Pagination or Media Count : 19

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.

Descriptors :   (*COMMERCE, MATHEMATICAL MODELS), (*ECONOMICS, COMMERCE), POLITICAL SCIENCE

Distribution Statement : APPROVED FOR PUBLIC RELEASE