Abstract
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 language | English |
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Pages (from-to) | 257-263 |
Number of pages | 7 |
Journal | Economics Letters |
Volume | 16 |
Issue number | 3-4 |
DOIs | |
Publication status | Published - 1984 |
Externally published | Yes |
ASJC Scopus subject areas
- Economics and Econometrics
- Finance