We examine the economic behavior of the regret-averse firm under price uncertainty. We show that the global and … marginal effects of price uncertainty on production are both positive (negative) when regret aversion prevails if the random …

uncertainty. The firm faces additional sources of uncertainty that are aggregated into a background risk. We show that the firm … attitude of the firm and the incidence of the underlying uncertainty. We further show that the firm's optimal input mix depends …. -- Background risk ; Capital structure ; Price uncertainty …

. -- Prospect theory ; mean-variance model ; indifference curve ; price uncertainty ; hedging …

Our study examines the behavior of a risk-averse investor who faces two sources of uncertainty: a random asset price … and inflation risk. Both sources of uncertainty make it difficult to stabilize consumption over time. However, investors …

uncertainty. He sells commodities to two markets at two prices, but only one of these markets has a futures market. We show that …

transparency is of central importance in the agri-food system as it affects the degree of uncertainty farmers face when taking … economic decisions. In our study, we endogenize uncertainty by establishing a link between market transparency and the terms of …