Production as behavior toward risk

Gabriel Hawawini () and Pierre Michel

MPRA Paper from University Library of Munich, Germany

Abstract: This article presents a mean-variance model of the risk-averse firm under price uncertainty and examines the impact of uncertainty on the firm's production decision.It then develops a geometric method for comparative-statics analysis.

Keywords: Theory of the firm under price uncertainty; production under price uncertainty (search for similar items in EconPapers)
JEL-codes: D21 D24 (search for similar items in EconPapers)
Date: 1979
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Citations: View citations in EconPapers (1)

Published in Recherches Economiques de Louvain September 1979.45(1979): pp. 299-311

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