Abstract
A number of models have been developed which stress the objective of growth. One of these had its origins in Baumol’s dissatisfaction with his static sales-revenue-maximisation model,1 to which he made two main modifications.
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Notes and References
See Marris, The Economic Theory of ‘Managerial Capitalism’, ch. 7, and H. A. Simon and C. Bonini, American Economic Review (Sep 1958).
R. M. Solow, Public Interest (spring 1968).
See also M. Hall and L. Weiss, Review of Economics and Statistics (Aug 1967) for some supportive evidence.
Larner, American Economic Review (Sep 1966).
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© 1976 P. J. Curwen
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Curwen, P.J. (1976). Growth Models. In: The Theory of the Firm. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-15645-0_17
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DOI: https://doi.org/10.1007/978-1-349-15645-0_17
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