Risk-Neutral Monopolists are Variance-Averse

Prof. Dr. Roland Kirstein

No 9012, FEMM Working Papers from Otto-von-Guericke University Magdeburg, Faculty of Economics and Management

Abstract: If the production of a risk-neutral monopolist is in uenced by a random variable, then the expected pro t is decreasing in the variance of the production process.

Keywords: Risk-aversion; correlated random variables; market power (search for similar items in EconPapers)
JEL-codes: D81 L12 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-rmg and nep-upt
Date: 2009-04
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Persistent link: http://EconPapers.repec.org/RePEc:mag:wpaper:09012

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