Beyond Simple Profit Maximization in Uncertain Markets: How Innovation and Entry Change Supply Curves and Producer Surplus

Title

Beyond Simple Profit Maximization in Uncertain Markets: How Innovation and Entry Change Supply Curves and Producer Surplus

Authors

Horowitz, John B., Ball State University; Karls, Michael A., Ball State University; Sesmero, Juan, Purdue University; Van Cott, T. Norman, Ball State University

Year

2023

Volume

38

Number

2

Pages

55 - 77

Publisher

The Association of Private Enterprise Education

ISSN

0890-913X

Document type

Articles

Keywords

innovation, technological change, entry, producer surplus, consumer surplus, total surplus, supply elasticity

Citation:
Horowitz, John B.; Karls, Michael A.; Sesmero, Juan; Van Cott, T. Norman / 2023. “Beyond Simple Profit Maximization in Uncertain Markets: How Innovation and Entry Change Supply Curves and Producer Surplus.” The Journal of Private Enterprise, 38(2): 55 - 77