caa a22 4500 475838564 CHVBK 20180406123855.0 cr unu---uuuuu 170329e20000301xx s 000 0 eng 10.1007/s001680050127 doi (NATIONALLICENCE)springer-10.1007/s001680050127 Tan Lin-Ti Institute of Economics, Academia Sinica, Nankang, Taipei 115, Taiwan (e-mail: ltan@ieas.econ.sinica.edu.tw), TW aut Welfare-maximizing and profit-maximizing agroindustry location: A comparison [Elektronische Daten] [Lin-Ti Tan] Abstract.: Traditionally, the location model has assumed that firms choose their location and input usage so as to maximize their profits. However, in the planning version of the location model, the industrial location might be selected on the basis of a welfare-maximizing objective. This paper attempts to develop systematically the theory of plant location for a welfare-maximizing agroindustrial firm and to compare it with its profit-maximizing counterpart. Our analysis shows that, unless the transport cost of raw materials is linear in distance and the firm's production function is homogeneous of degree one, the welfare-maximizing location chosen by a regulated agroindustrial firm always differs from that of its profit-maximizing counterpart. It also demonstrates that the results obtained previously for a non-agroindustrial firm cannot be applied directly to its agroindustrial counterpart. Springer-Verlag Berlin Heidelberg, 2000 https://doi.org/10.1007/s001680050127 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s001680050127 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Tan Lin-Ti Institute of Economics, Academia Sinica, Nankang, Taipei 115, Taiwan (e-mail: ltan@ieas.econ.sinica.edu.tw), TW aut Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer