The Behavior of Competitive Exporting Firms under Multiple Uncertainty

Jean-Marie Viaene and Itzhak Zilcha

International Economic Review, 1998, vol. 39, issue 3, 591-609

Abstract: The authors examine the behavior of a competitive risk-averse exporting firm subject to exchange rate and commodity price uncertainty, and to background uncertainty arising from cost and production. The aim of their study is fourfold--namely to look at: (1) the robustness of the results in traditional theory regarding the introduction of price uncertainty; (2) the role of forward-futures markets in the presence of background uncertainty; (3) the implications of this framework to the separation and the double-hedging theorems; and (4) the behavior of this firm when missing markets are gradually introduced. Copyright 1998 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.

Date: 1998
References: Add references at CitEc
Citations: View citations in EconPapers (50)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ier:iecrev:v:39:y:1998:i:3:p:591-609

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0020-6598

Access Statistics for this article

International Economic Review is currently edited by Harold L. Cole

More articles in International Economic Review from Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association 160 McNeil Building, 3718 Locust Walk, Philadelphia, PA 19104-6297. Contact information at EDIRC.
Bibliographic data for series maintained by Wiley-Blackwell Digital Licensing () and ().