On optimal factor proportions in a competitive firm under factor and output price uncertainty
نویسندگان
چکیده
منابع مشابه
Optimal Output for the Regret-Averse Competitive Firm Under Price Uncertainty
We study the optimal output of a competitive firm under price uncertainty. Instead of assuming a risk-averse firm, we assume that the firm is regret-averse. We find that optimal output under uncertainty would be lower than under certainty. We also prove that optimal output could increase or decrease when the regret factor varies.
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ژورنال
عنوان ژورنال: Zeitschrift für Nationalökonomie
سال: 1984
ISSN: 0044-3158
DOI: 10.1007/bf01289473