Optimal Output for the Regret-Averse Competitive Firm Under Price Uncertainty

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

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Year of publication:	2012
Authors:	Wong, Wing-Keung
Other Persons:	Egozcue, Martín (contributor)
Publisher:	[2012]: [S.l.] : SSRN
Subject:	Theorie der Unternehmung \| Theory of the firm \| Risiko \| Risk

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Extent:	1 Online-Ressource (25 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 16, 2012 erstellt
Other identifiers:	10.2139/ssrn.2006122 [DOI]
Classification:	D00 - Microeconomics. General ; D03 - Behavioral Economics; Underlying Principles ; D21 - Firm Behavior
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013110615