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Production Flexibility and the Behaviour of the Competitive Firm under Price Uncertainty

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  • Larry Epstein

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  • Larry Epstein, 1978. "Production Flexibility and the Behaviour of the Competitive Firm under Price Uncertainty," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 45(2), pages 251-261.
    • Handle: RePEc:oup:restud:v:45:y:1978:i:2:p:251-261.
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    File URL: http://hdl.handle.net/10.2307/2297339
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    Citations

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    Cited by:

    1. Chavas, Jean-Paul, 1987. "On Risk Modeling And Its Implications For Economic Analysis," Regional Research Projects > 1987: S-180 Annual Meeting, March 22-25, 1987, San Antonio, Texas 272333, Regional Research Projects > S-180: An Economic Analysis of Risk Management Strategies for Agricultural Production Firms.
    2. Thraen, Cameron S. & Hammond, Jerome W., 1983. "Price Supports, Risk Aversion And U.S. Dairy Policy: An Alternative Perspective Of The Long-Term Impacts," Economic Reports 13034, University of Minnesota, Department of Applied Economics.
    3. Arthur Snow, 2000. "LeChatelier Effects for the Competitive Firm under Price Uncertainty," Southern Economic Journal, John Wiley & Sons, vol. 66(3), pages 715-728, January.
    4. Espinosa Miguel & Bonaldi Pietro & Vallejo Hernán, 2009. "Representations and Identities for Homogeneous Technologies," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 9(1), pages 1-25, September.
    5. Coyle, Barry T., 1990. "A Simple Duality Model Of Production Incorporating Risk Aversion And Price Uncertainty," 1990 Annual meeting, August 5-8, Vancouver, Canada 270863, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    6. Abdullahi Abdulkadri & Michael Langemeier & Allen Featherstone, 2006. "Estimating economies of scope and scale under price risk and risk aversion," Applied Economics, Taylor & Francis Journals, vol. 38(2), pages 191-201.
    7. Kit Pong Wong, 2003. "Forward Markets and the Behaviour of the Competitive Firm with Production Flexibility," Bulletin of Economic Research, Wiley Blackwell, vol. 55(3), pages 303-310, July.
    8. Fathali Firoozi, 1995. "On the Competitive Response to Technological Advance," The American Economist, Sage Publications, vol. 39(2), pages 61-64, October.
    9. Elie Appelbaum, 2001. "Product Differentiation under Uncertainty," Working Papers 2001_4, York University, Department of Economics.
    10. Mordecai Kurz, 2005. "Measuring the Ex-Ante Social Cost of Aggregate Volatility," Discussion Papers 04-006, Stanford Institute for Economic Policy Research.
    11. Kakinaka, Makoto, 2004. "Endogenous Policy Reform: Learning versus Flexibility in Industrial Policy Design for Open Economics," Working Papers 04-15, Cornell University, Center for Analytic Economics.
    12. Elie Appelbaum, 1996. "An Application of Duality under Uncertainty, Elie Appelbaum," Working Papers 1996_8, York University, Department of Economics.
    13. Mantell, Edmund H., 2021. "The economics of posted prices in a concentrated market where demand is uncertain," Research in Economics, Elsevier, vol. 75(4), pages 365-375.
    14. Fraser, Robert W, 1985. "Uncertainty and the Theory of Mark-up Pricing," Bulletin of Economic Research, Wiley Blackwell, vol. 37(1), pages 55-64, January.
    15. Chen Lin & Thomas Schmid & Michael S. Weisbach, 2017. "Price Risk, Production Flexibility, and Liquidity Management: Evidence from Electricity Generating Firms," NBER Working Papers 23434, National Bureau of Economic Research, Inc.
    16. William Novshek & Lynda Thoman, 2006. "Demand for Customized Products, Production Flexibility, and Price Competition," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 15(4), pages 969-998, December.
    17. Graham-Tomasi, Theodore, 1985. "Uncertainty, Information, And Irreversible Investments," Staff Papers 14047, University of Minnesota, Department of Applied Economics.

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