Price stabilization and the risk-averse firm

被引：6

作者：

Chambers, RG ^{[1
]}

Quiggin, J

机构：

[1] Univ Maryland, College Pk, MD 20742 USA

[2] Univ Western Australia, Nedlands, WA 6009, Australia

[3] Univ Queensland, Brisbane, Qld, Australia

来源：

AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS | 2003年 / 85卷 / 02期

关键词：

price stabilization; duality; risk aversion; state-contingent technology;

D O I：

10.1111/1467-8276.00123

中图分类号：

F3 [农业经济];

学科分类号：

0202 ; 020205 ; 1203 ;

摘要：

An analytically simple and tractable approach to firm-level welfare analysis of complete and partial mean-preserving price stabilization for producers with general risk-averse preferences facing a stochastic technology is developed. Necessary and sufficient conditions for price stabilization to be welfare enhancing are derived under different assumptions of the producer's preferences and the producer's technology. Existing stabilization results for the risk-averse firm are shown to be corollaries of these more general results.

引用

页码：336 / 347

页数：12

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