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A Dynamic Theory of the Firm: Production, Finance and Investment

This volume is the final result of the research project ''Micro growth model", that was sponsored by the Central Research Pool of Tilburg University, the Netherlands. Apart from the University Council for this important financial support, I owe Prof. Dr. Fiet Verheyen very much for th...

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Bibliographic Details
Main Author: Loon, Paul van
Format: eBook
Language:English
Published: Berlin, Heidelberg Springer Berlin Heidelberg 1983, 1983
Edition:1st ed. 1983
Series:Lecture Notes in Economics and Mathematical Systems
Subjects:
Operations Management
Finance
Production Management
Quantitative Economics
Financial Economics
Econometrics
Online Access:
Collection: Springer Book Archives -2004 - Collection details see MPG.ReNa
Table of Contents:
  • 9. Summary
  • 5. Optimal Trajectories of the Firm
  • 1. Introduction
  • 2. Basic trajectory
  • 3. Depth investments
  • 4. Consolidation
  • 5. Depth investments and consolidation
  • 6. Summary
  • 6. A Further Analysis
  • 1. Introduction
  • 2. Optimal decision rules
  • 3. Environmental influence on the trajectory of the firm
  • 4. Influence of (sets of) environmental parameters
  • 5. Summary
  • 7. Conclusions
  • Appendix 1. An Interpretation of the Maximum Principle
  • 1. Introduction
  • 2. Technical terms
  • 3. The Maximum Principle of Pontryagin
  • 4. Mixed control constraints
  • 5. State constraints
  • 6. Summary
  • Appendix 2. Solutions of the Models of Chapter 3
  • 1. Introduction
  • 2. A general solution procedure
  • 3. The model of Jorgenson
  • 4. The model of Ludwig
  • 5. The model of Lesourne & Leban
  • 6. Summary
  • Appendix 3. Solution of the Model of Chapter 4
  • 1. A reduced form of the model
  • 2. Optimality conditions
  • 3. A reduced form of the optimality conditions
  • 1. Introduction
  • 1. Scope of the book
  • 2. Outline of the book
  • 3. Relevance of dynamic theories of the firm
  • 4. Origins of dynamic theories of the firm
  • 5. Nature of the theory of the firm and of this book
  • 6. Summary
  • 2. A Survey of Dynamic Theories of the Firm
  • 1. Introduction
  • 2. Shareholders
  • 3. Management
  • 4. Employees
  • 5. Labour Market
  • 6. Output Market
  • 7. Competitors
  • 8. Lenders of debt money
  • 9. Suppliers of assets
  • 10. Government
  • 11. Macro economic data
  • 12. Summary
  • 3. Some Predecessors
  • 1. Introduction
  • 2. Investments and depreciation (Jorgenson)
  • 3. Production and finance I (Leland)
  • 4. Finance and the value of the firm (Ludwig)
  • 5. Production and finance II (Lesourne & Leban)
  • 6. Summary
  • 4. A Dynamic Model of the Firm
  • 1. Introduction
  • 2. Production
  • 3. Sales and operating income
  • 4. Financing and government
  • 5. Policy of the firm
  • 6. The model
  • 7. Further assumptions
  • 8. Optimal solution
  • 4. Infeasible paths
  • 5. Feasible paths
  • 6. Final paths
  • 7. Coupling conditions
  • 8. Coupling procedure
  • 9. Summary
  • List of Symbols
  • References
  • Author Index

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