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Export flexibility

Broll, Udo - 1993

Persistent link: https://www.econbiz.de/10000869242

Indirect hedging

Broll, Udo - 1993

Persistent link: https://www.econbiz.de/10000347391

Der Einfluß von nicht-hedgebaren Risiken auf Exportproduktion und Risikopolitik

Broll, Udo - 1993

Persistent link: https://www.econbiz.de/10000374381

Prospect theory and hedging risks

Broll, Udo; Egozcue, Martín; Wong, Wing Keung; … - 2010

The prospect theory is one of the most popular decision-making theories. It is based on the S-shaped utility function …, unlike the von Neumann and Morgenstern (NM) theory, which is based on the concave utility function. The S-shape brings in … mathematical challenges: simple extensions and generalizations of NM theory into the prospect theory cannot be frequently achieved …

Persistent link: https://www.econbiz.de/10003980000

The competitive firm under price uncertainty : the role of information and hedging

Broll, Udo (contributor); Eckwert, Bernhardt (contributor) - 2007

We study the impact of transparency in a commodity market on the decision problem of a competitive firm under price uncertainty and hedging opportunities. Market transparency is modeled by means of the informational content of publicly observable signals which are correlated with the random...

Persistent link: https://www.econbiz.de/10003581734

Information value, export and hedging

Broll, Udo; Eckwert, Bernhard - 2011

The paper analyzes the interactions between the precision of information, trade and welfare within a decision framework of an exporting firm. Information in a financial market is described in terms of a publicly observable signal. With higher transparency, the signal conveys more precise...

Persistent link: https://www.econbiz.de/10009228937

International trade and the role of market transparency

Broll, Udo; Eckwert, Bernhard; Kit, Pong Wong - 2010

The paper examines the economic role of market transparency on the decision problems of an international firm. Transparency is described in terms of the informativeness of a publicly observable signal. With higher transparency, the signal conveys more precise information about the random foreign...

Persistent link: https://www.econbiz.de/10009229027

Exchange rate uncertainty, futures markets and the multinational firm

Broll, Udo; Zilcha, Itzhak - 1991

We consider a monopolistic, risk-averse multinational firm which sells and produces at home and abroad under exchange rate uncertainty. First we show that the stochastic exchange rate implies higher production and lower sales in the foreign country. Then we analyze the impact of currency futures...

Persistent link: https://www.econbiz.de/10009774752

Hedging of exchange rate risk and regression dependence

Broll, Udo; Kit, Pong Wong - 1997

The paper presents a model of a risk-averse exporting firm under exchange rate risk. We focus on the economic implications of basis risk. It is shown that the regression dependence assumptions between spot and futures exchange rates are essential in analyzing optimal hedging and export...

Persistent link: https://www.econbiz.de/10009623408

Prospect theory and two moment model: the firm under price uncertainty

Broll, Udo; Egozcue, Martin; Wong, Wing Keung - 2009

Within the prospect theory the paper examines production and hedging decisions of a competitive firm under price … uncertainty. We consider the prospect theory for the firm's utility function in the two moment model known as (mu … theory, mean-variance model, price uncertainty …

Persistent link: https://www.econbiz.de/10003841926