Hawawini, Gabriel and Michel, Pierre (1979): Production as behavior toward risk. Published in: Recherches Economiques de Louvain , Vol. 45, No. September 1979 (1979): pp. 299-311.
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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.
|Item Type:||MPRA Paper|
|Original Title:||Production as behavior toward risk|
|Keywords:||Theory of the firm under price uncertainty; production under price uncertainty|
|Subjects:||D - Microeconomics > D2 - Production and Organizations > D21 - Firm Behavior: Theory
D - Microeconomics > D2 - Production and Organizations > D24 - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
|Depositing User:||Gabriel Hawawini|
|Date Deposited:||09. Oct 2011 03:26|
|Last Modified:||18. Feb 2013 03:13|
Hawawini, G. " A mean-standard deviation exposition of the theory of the firm under uncertainty", American Economic Review, March 1978.
Leland, H. "Theory of the firm facing uncertain demand", American Economic Review, June 1972.
Sandmo, A. "On the theory of the competitive firm under price uncertainty", American Economic Review, March 1971.