When MR = MC: Ethical Efficiencies in Valuing and Pricing

How do we determine value? What are the ethical implications of valuing goods and services with respect to economic profit maximization? To answer those questions, Primeaux and Stieber move their discussion of the ethical principles inherent to economic profit maximization from production to distrib...

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Bibliographic Details
Authors: Primeaux, Patrick (Author) ; Stieber, John (Author)
Format: Electronic Article
Language:English
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Published: Springer Science + Business Media B. V 1999
In: Journal of business ethics
Year: 1999, Volume: 18, Issue: 2, Pages: 201-211
Further subjects:B Consumer Demand
B Profit Maximization
B Ethical Implication
B Ethical Principle
B Economic Growth
Online Access: Volltext (JSTOR)
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Summary:How do we determine value? What are the ethical implications of valuing goods and services with respect to economic profit maximization? To answer those questions, Primeaux and Stieber move their discussion of the ethical principles inherent to economic profit maximization from production to distribution, from internal costs to external pricing and consumer demand.
ISSN:1573-0697
Contains:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1023/A:1005794907672