Optimal output for the regret-averse competitive firm under price uncertainty

被引：5

作者：

Egozcue M. ^{[1
]}

Guo X. ^{[2
]}

Wong W.-K. ^{[3
]}

机构：

[1] Department of Accounting and Finance, Norte Construcciones S.A, Punta del Este

[2] College of Economics and Management, Nanjing University of Aeronautics and Astronautics, Nanjing

[3] Department of Economics, Hong Kong Baptist University, WLB, Shaw Campus Kowloon Tong Hong Kong, Kowloon

来源：

Eurasian Economic Review | 2015年 / 5卷 / 2期

关键词：

Competitive firm; Decision making; Optimal output; Regret aversion; Risk aversion;

D O I：

10.1007/s40822-015-0030-9

中图分类号：

学科分类号：

摘要：

We study the optimal output of a competitive firm under price uncertainty. Instead of assuming a risk-averse firm, we assume that the firm is regret-averse. We find that optimal output under uncertainty would be lower than under certainty. We also prove that optimal output could increase or decrease when the regret factor varies. © 2015, Eurasia Business and Economics Society.

引用

页码：279 / 295

页数：16

共 50 条

[1] ON OPTIMAL FACTOR PROPORTIONS IN A COMPETITIVE FIRM UNDER FACTOR AND OUTPUT PRICE UNCERTAINTY
LACHLER, U
[J]. ZEITSCHRIFT FUR NATIONALOKONOMIE-JOURNAL OF ECONOMICS, 1984, 44 (02): : 117 - 130
[2] Optimal nonlinear pricing by a regret-averse monopoly
Wong, Kit Pong
[J]. MANAGERIAL AND DECISION ECONOMICS, 2020, 41 (07) : 1156 - 1161
[3] THE OPTIMAL LOCATION OF THE COMPETITIVE FIRM UNDER PRICE UNCERTAINTY
KATZ, E
[J]. JOURNAL OF URBAN ECONOMICS, 1984, 16 (01) : 65 - 75
[4] ON THE HEDGING AND OUTPUT BEHAVIOR OF THE COMPETITIVE COOPERATIVE FIRM UNDER PRICE AND PRODUCTION UNCERTAINTY
HARUNA, S
[J]. ECONOMICS LETTERS, 1986, 22 (2-3) : 159 - 163
[5] THEORY OF COMPETITIVE FIRM UNDER PRICE UNCERTAINTY
SANDMO, A
[J]. AMERICAN ECONOMIC REVIEW, 1971, 61 (01): : 65 - 73
[6] HEDGING AND THE COMPETITIVE FIRM UNDER PRICE UNCERTAINTY
HOLTHAUSEN, DM
[J]. AMERICAN ECONOMIC REVIEW, 1979, 69 (05): : 989 - 995
[7] THEORY OF COMPETITIVE FIRM UNDER PRICE UNCERTAINTY
ISHII, Y
[J]. AMERICAN ECONOMIC REVIEW, 1977, 67 (04): : 768 - 769
[8] PRICE AND OUTPUT DECISIONS OF FIRM UNDER UNCERTAINTY
NIELSEN, NC
[J]. SWEDISH JOURNAL OF ECONOMICS, 1975, 77 (04): : 459 - 469
[9] LeChatelier effects for the competitive firm under price uncertainty
Snow, A
[J]. SOUTHERN ECONOMIC JOURNAL, 2000, 66 (03) : 715 - 728
[10] Hedging liquidity and the competitive firm under price uncertainty
Wong, KP
[J]. JOURNAL OF FUTURES MARKETS, 2004, 24 (07) : 697 - 706

← 1 2 3 4 5 →