PRICE UNCERTAINTY AND EXHAUSTIVE FIRM

被引：1

作者：

BURNESS, HS ^{[1
]}

机构：

[1] CALTECH,ENVIRONM QUAL LAB,PASADENA,CA 91109

来源：

JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT | 1978年 / 5卷 / 02期

关键词：

D O I：

10.1016/0095-0696(78)90023-2

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In the presence of a resource constraint the risk-averse exhaustive firm reacts to price uncertainty in a manner different than its competitive counterpart. In particular: (i) some results are independent of attitudes toward risk; (ii) comparative statics results differ from the no resource constraint case; and (iii) results depend upon the relative magnitudes of the discount rate and quasi-fixed costs. An assumption crucial to the relevance of risk-aversion in an intertemporal setting is the presence of imperfections in capital markets (i.e., the absence of complete contingent commodity markets). © 1978.

引用

页码：128 / 149

页数：22