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A statistical model of the firm

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dc.contributor.authorBaaquie, Belal E.
dc.date.accessioned2019-08-20T01:28:03Z
dc.date.available2019-08-20T01:28:03Z
dc.date.issued2019
dc.description.abstractA model of the firm is proposed that considers the firm to be a stochastic and random entity described by an action functional and the Feynman path integral. The action functional is postulated based on the profit maximization principle. The Cobb-Douglas production function and the Solow-Swan model for capital input are employed to define a specific model for the firm's action functional. An option is defined on the profit of a firm in the framework of the statistical model. The option's price can be studied empirically. A profit and loss sharing system of wages is defined as an extension of fixed wages.en_US
dc.identifier.citationBaaquie, Belal E. (2019). A statistical model of the firm. Physica A: Statistical Mechanics and its Applications, 524, pp. 392-411.en_US
dc.identifier.doihttps://doi.org/10.1016/j.physa.2019.04.069
dc.identifier.issn0378-4371
dc.identifier.urihttps://www.sciencedirect.com/science/article/pii/S0378437119304170?via%3Dihub
dc.identifier.urihttps://ikr.inceif.edu.my/handle/INCEIF/3078
dc.languageEnglish
dc.language.isoenen_US
dc.publisherElsevier B.V.en_US
dc.rights2019. Elsevier B.V.
dc.sourceSEDONA
dc.subjectStatistical modelen_US
dc.subjectFirmen_US
dc.subjectProfit maximizationen_US
dc.titleA statistical model of the firmen_US
dc.typeJournal Articleen_US
dlc.maintopicConventional financeen_US
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicConventional financeen_US
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