A note on the theory of the firm under uncertainty

We show that the increase in price riskiness reduces the optimal output under increasing absolute risk aversion. That is, the marginal impact of the risk on output is independent of the type of absolute risk aversion (decreasing, constant, or increasing).

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Year of publication:	2004
Authors:	Alghalith, Moawia
Published in:	REVISTA DE ECONOMÍA DEL ROSARIO. - UNIVERSIDAD DEL ROSARIO. - 2004
Publisher:	UNIVERSIDAD DEL ROSARIO
Subject:	Price uncertainty \| risk aversion \| theory of the firm \| uncertainty

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Type of publication:	Article
Language:	English
Classification:	D8 - Information and Uncertainty ; D2 - Production and Organizations
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005768243