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

Author

Listed:
  • John B. Horowitz

    (Ball State University)

  • Michael A. Karls

    (Ball State University)

  • Juan Sesmero

    (Purdue University)

  • T. Norman Van Cott

    (Ball State University)

Abstract

No abstract is available for this item.

Suggested Citation

  • John B. Horowitz & Michael A. Karls & Juan Sesmero & T. Norman Van Cott, 2023. "Beyond Simple Profit Maximization in Uncertain Markets: How Innovation and Entry Change Supply Curves and Producer Surplus," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 38(Summer 20), pages 55-77.
    • Handle: RePEc:jpe:journl:1949
    as

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    References listed on IDEAS

    as
    1. William S. Wise & Elisabeth Fell, 1980. "Supply Shifts and the Size of Research Benefits: Comment," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(4), pages 838-840.
    2. Karagiannis, Giannis & Furtan, William Hartley, 2002. "The Effects of Supply Shifts on Producers' Surplus: the Case of Inelastic Linear Supply Curves," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 3(1), pages 1-7, January.
    3. Roger N. Rose, 1980. "Supply Shifts and Research Benefits: Comment," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(4), pages 834-837.
    4. R. K. Lindner & F. G. Jarrett, 1980. "Supply Shifts and the Size of Research Benefits: Reply," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(4), pages 841-844.
    5. Will Martin & Julian M. Alston, 1997. "Producer Surplus without Apology? Evaluating Investments in RD," The Economic Record, The Economic Society of Australia, vol. 73(221), pages 146-158, June.
    6. R. K. Lindner & F. G. Jarrett, 1978. "Supply Shifts and the Size of Research Benefits," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 60(1), pages 48-58.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    innovation; technological change; entry; producer surplus; consumer surplus; total surplus; supply elasticity;
    All these keywords.

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • D2 - Microeconomics - - Production and Organizations
    • D6 - Microeconomics - - Welfare Economics
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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