A Mathematical Investigation of Some Economic Effects of Profit Sharing in Socialist Firms

This article examines some economic problems concerned with profit sharing in a Socialist economy. Two alternative systems of incentives have been made the subject of parallel investigations, comparing the effects which each of these systems have on the firm's behavior. We also examine some pro...

Full description

Saved in:
Bibliographic Details
Published in:Econometrica Vol. 30; no. 1; pp. 140 - 161
Main Authors: Kornai, J., Lipták, T.
Format: Journal Article
Language:English
Published: Menasha, Wis The Econometric Society 01.01.1962
George Banta Pub. Co. for the Econometric Society
Blackwell Publishing Ltd
Subjects:
Approximation
Capital costs
Cost functions
Costs
Economic investment
Economic policy
Incentives
Investigations
Linear transformations
Macroeconomics
Monetary incentives
Performance evaluation
Production costs
Profit sharing plans
Profits
Socialism
Total output
Unit costs
ISSN:0012-9682, 1468-0262
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:This article examines some economic problems concerned with profit sharing in a Socialist economy. Two alternative systems of incentives have been made the subject of parallel investigations, comparing the effects which each of these systems have on the firm's behavior. We also examine some problems of price regulation. In the investigation both linear and nonlinear programming methods have been used.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 14
ObjectType-Statistics/Data Report-1
ISSN:0012-9682
1468-0262
DOI:10.2307/1911291