A note on the theory of the firm under uncertainty

Moawia Alghalith ()

Revista de Economía del Rosario, 2004, No 1925

Abstract: We show that the increase in price riskiness reduces the optimal output under increasing absolute risk aversion. That is, the marginal impact of the risk on output is independent of the type of absolute risk aversion (decreasing, constant, or increasing).

Keywords: Price uncertainty; risk aversion; theory of the firm; uncertainty (search for similar items in EconPapers)
JEL-codes: D2 D8 (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:col:000151:001925

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