Optimum firm location under factor-price uncertainty
β Scribed by Chao-cheng Mai
- Publisher
- Springer
- Year
- 1984
- Tongue
- English
- Weight
- 505 KB
- Volume
- 18
- Category
- Article
- ISSN
- 0570-1864
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
## 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
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