Schmidt, Torsten; Tressler, John - In: Economic Inquiry 28 (1990) 3, pp. 622-28
This paper reconsiders the model presented by Flacco and Kroetch (1986). It shows that with additive technological uncertainty the firm will produce and contract to sell the same output as under certainty. When the Flacco/Kroetch model is generalized to allow the firm to select contract...