Within the prospect theory the paper examines production and hedging decisions of a competitive firm under price … theory, mean-variance model, price uncertainty …

. For example, the nature of monotonicity of the indifference curve depends on the underlying mean. Price hedging decisions …. -- Prospect theory ; mean-variance model ; indifference curve ; price uncertainty ; hedging …

. Besides output price uncertainty, the firm faces additional sources of risk which are aggregated into an additive background … ; Capital structure ; Price uncertainty …