Hedging and the competitive firm under price, output and quality uncertainties

Yasunori Ishii

Research output: Contribution to journalArticle


This paper presents a model of the risk-averse competitive firm choosing output and forward contracts under price, output and quality uncertainties and investigates conditions under which the firm's output choice becomes independent of both the firm's attitude towards risk and that towards uncertainty.

Original languageEnglish
Pages (from-to)257-263
Number of pages7
JournalEconomics Letters
Issue number3-4
Publication statusPublished - 1984
Externally publishedYes


ASJC Scopus subject areas

  • Economics and Econometrics
  • Finance

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