Jacques H., DREZE; Oussama, LACHIRI; Enrico, MINELLI - Institut de Recherche Économique et Sociale (IRES), … - 2007
We propose an objective for the firm in a general model of production economies extending over time under uncertainty and with incomplete markets. Trading in commodities and shares of stock occurs sequentially on spot markets at all date-events. We derive the objective of the firm from the...