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 …

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 …

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. We consider the prospect theory for the firm's utility function in the two moment model known as (mu …,sigma)-preference. In contrast to the literature our findings show that the production under uncertainty can be larger than in the certainty … theory, mean-variance model, price uncertainty …

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

The paper studies an duopoly with risk averse firms exposed to demand uncertainty. A risk sharing market is introduced …

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 …

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 …