The Production Of Goods In Excess Of Demand: A Generalization Of Self Protection
AbstractWe consider a risk-averse firm producing a limited number of goods that can be defective. The firm must determine its level of production before knowing which goods will be defective. Such is the case, for example, for a producer of telecommunications satellites. The problem under scrutiny can be interpreted as a generalization of self-protection for more than two states of nature. In our model, the firm determines jointly its level of production and its demand for insurance. It is shown that, under reasonable assumptions, the two strategies are complements. The Geneva Papers on Risk and Insurance Theory (2000) 25, 51â63. doi:10.1023/A:1008797407679
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Bibliographic InfoPaper provided by Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) in its series UFAE and IAE Working Papers with number 441.99.
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- Carole Haritchabalet, 2000. "The Production of Goods in Excess of Demand: A Generalization of Self-Protection," The Geneva Risk and Insurance Review, Palgrave Macmillan, vol. 25(1), pages 51-63, June.
- NEP-ALL-2000-07-03 (All new papers)
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