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The Production Of Goods In Excess Of Demand: A Generalization Of Self Protection


  • Carole Haritchabalet


We 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, 51–63. doi:10.1023/A:1008797407679
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  • Carole Haritchabalet, "undated". "The Production Of Goods In Excess Of Demand: A Generalization Of Self Protection," UFAE and IAE Working Papers 441.99, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
  • Handle: RePEc:aub:autbar:441.99

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    Cited by:

    1. Hau, Arthur, 2010. "Comparative statics of changes in risk on monotonically and partially responsive kinked payoffs," European Journal of Operational Research, Elsevier, vol. 201(1), pages 267-276, February.

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