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Insurance and the behavior of competitive firms under revenue risks: a note

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  • Kit Wong

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Suggested Citation

  • Kit Wong, 2000. "Insurance and the behavior of competitive firms under revenue risks: a note," Journal of Economics, Springer, vol. 71(3), pages 305-314, October.
    • Handle: RePEc:kap:jeczfn:v:71:y:2000:i:3:p:305-314
    DOI: 10.1007/BF01228745
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    References listed on IDEAS

    as
    1. Wong, Kit Pong, 1996. "Background Risk and the Theory of the Competitive Firm under Uncertainty," Bulletin of Economic Research, Wiley Blackwell, vol. 48(3), pages 241-251, July.
    2. Kimball, Miles S, 1990. "Precautionary Saving in the Small and in the Large," Econometrica, Econometric Society, vol. 58(1), pages 53-73, January.
    3. Broll, Udo & Zilcha, Itzhak, 1992. "Exchange rate uncertainty, futures markets and the multinational firm," European Economic Review, Elsevier, vol. 36(4), pages 815-826, May.
    4. Diamond, Peter A. & Stiglitz, Joseph E., 1974. "Increases in risk and in risk aversion," Journal of Economic Theory, Elsevier, vol. 8(3), pages 337-360, July.
    5. Bharat Ramaswami, 1993. "Supply Response to Agricultural Insurance: Risk Reduction and Moral Hazard Effects," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 75(4), pages 914-925.
    6. Sandmo, Agnar, 1971. "On the Theory of the Competitive Firm under Price Uncertainty," American Economic Review, American Economic Association, vol. 61(1), pages 65-73, March.
    7. Kit Pong Wong, 1996. "Background Risk And The Theory Of The Competitive Firm Under Uncertainty," Bulletin of Economic Research, Wiley Blackwell, vol. 48(3), pages 241-251, July.
    8. Davis, George K, 1989. "Income and Substitution Effects for Mean-Preserving Spreads," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 30(1), pages 131-136, February.
    9. Holthausen, Duncan M, 1979. "Hedging and the Competitive Firm under Price Uncertainty," American Economic Review, American Economic Association, vol. 69(5), pages 989-995, December.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Wong, Kit Pong, 2012. "Production and insurance under regret aversion," Economic Modelling, Elsevier, vol. 29(4), pages 1154-1160.
    2. Yongjian Li & Xueping Zhen & Xiaoqiang Cai, 2016. "Trade credit insurance, capital constraint, and the behavior of manufacturers and banks," Annals of Operations Research, Springer, vol. 240(2), pages 395-414, May.

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    More about this item

    Keywords

    market insurance; self-insurance; variable premium schemes; revenue risks; D21; D81; G22;
    All these keywords.

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

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