print copy e-book
Hlaváček, Jiří – Hlaváček, Michal
economics and finance, mathematics and statistics
, 208 pp., 1. edition
published: february 2012
recommended price: 250 czk
The generalization of microeconomics (maximization of probability of agent's survival) enabled model description of economic rationality even in the fields, where profit maximization is not suitable, like redistribution, non-profit sector, both positive and negative externalities, centrally planned economy etc. When profit criterion is adequate, the general criterion is identical with profit maximization.