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- W367481491 abstract "This thesis has three purposes: firstly, to definethe economic conditions which account for the firm's growth,decline, diversification and maintenance of its existing size;secondly, to derive the optimal time-path(s) for the firm'ssize index (the capital stock of the firm) resulting from theoperation of optimal managerial policies over a planning horizonof fixed and finite length; finally, to compare the econometricperformance of the derived definition of the optimal capitalstock with competing hypotheses relating to the optimal capitalstock. The review of the literature in Chapter 2 shows thatthe problem has not been systematically treated in the existingcorpus of the theory of the firm.A dynamical model suited to the requirements of theproblem is formulated in Chapter 3. The firm is viewed as acontrol system in which the controllers (the firm's management)manipulate certain policy variables to achieve a particularcriterion - the intertemporal maximisation of expected profitabilityover a planning horizon of fixed and finite length." @default.
- W367481491 created "2016-06-24" @default.
- W367481491 creator A5039309569 @default.
- W367481491 date "1974-01-01" @default.
- W367481491 modified "2023-09-27" @default.
- W367481491 title "A control theory of the firm applied to Australian Manufacturing, 1964-1971." @default.
- W367481491 hasPublicationYear "1974" @default.
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