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Production as behavior toward risk

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Author Info

  • Hawawini, Gabriel
  • Michel, Pierre

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.

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File URL: http://mpra.ub.uni-muenchen.de/33975/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 33975.

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Date of creation: 1979
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Publication status: Published in Recherches Economiques de Louvain September 1979.45(1979): pp. 299-311
Handle: RePEc:pra:mprapa:33975

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Related research

Keywords: Theory of the firm under price uncertainty; production under price uncertainty;

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References

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  1. Hawawini, Gabriel, 1978. "A mean-standard deviation exposition of the theory of the firm under uncertainty," MPRA Paper 10148, University Library of Munich, Germany.
  2. Leland, Hayne E, 1972. "Theory of the Firm Facing Uncertain Demand," American Economic Review, American Economic Association, vol. 62(3), pages 278-91, June.
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Cited by:
  1. Hawawini, Gabriel & Michel, Pierre, 1979. "Theory of the risk averse producer cooperative firm under uncertain demand," MPRA Paper 33973, University Library of Munich, Germany.

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