## Abstract In this paper, the behavior of the competitive firm under price uncertainty when the firm has access to an intertemporally unbiased futures market is examined. Futures contracts are markedβtoβmarket and thus require interim cash settlement of gains and losses. The firm is subject to a l
Economic depreciation and the regulated firm under competition and technological change
β Scribed by Michael A. Crew; Paul R. Kleindorfer
- Publisher
- Springer US
- Year
- 1992
- Tongue
- English
- Weight
- 671 KB
- Volume
- 4
- Category
- Article
- ISSN
- 0922-680X
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
This paper extends the economic theory of regulation to include endogenous regulatory change. It outlines conditions under which endogenously rising deadweight costs of regulation can alter the policy equilibrium, even if those rising costs are fully anticipated. Within this framework, alternative w
This paper uses duality theory to decompose the total effect on the competitive firm's output of an increase in the riskiness of output price into income and substitution effects. Properties of preferences that control the sign of each effect are identified. The analysis extends to the general class
## Abstract This paper compares the overseas business performance of two groups of technologically oriented successful firms, i.e. UK based subsidiaries and indigenous firms. Although there were no statistical differences between the two groups' measures of performance and few in terms of the sour