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Applied Economics Letters Volume 13, 2006 - Issue 5
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Original Articles

An alternative way of determining the range of Averch and Johnson's Lagrange multiplier: a note

Jörg Borrmann Department of Finance, University of Vienna, Bruenner Str. 72, 1210 Vienna, AustriaCorrespondence[email protected]
&
Jörg Finsinger Department of Finance, University of Vienna, Bruenner Str. 72, 1210 Vienna, Austria
Pages 269-271 | Published online: 19 Aug 2006

References

  • Averch , H and Johnson , LL . 1962 . Behavior of the firm under regulatory constraint . American Economic Review , 52 : 1052 – 69 .
  • Bailey , EE and Malone , JC . 1970 . Resource allocation and the regulated firm . Bell Journal of Economics and Management Science , 1 : 129 – 42 .
  • Baumol , WJ and Klevorick , AK . 1970 . Input choices and rate-of-return regulation: an overview of the discussion . Bell Journal of Economics and Management Science , 1 : 162 – 90 .
  • Zajac , EE . 1972 . Lagrange multiplier values at constrained optima . Journal of Economic Theory , 4 : 125 – 31 .

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