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The competitive firm under price uncertainty : the role of information and hedging
Broll, Udo; Eckwert, Bernhard - In: Decisions in economics and finance : DEF ; a journal of … 31 (2008) 1, pp. 1-11
Persistent link: https://www.econbiz.de/10003771578
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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 … firm and the degree of risk aversion. -- Exchange rate risk ; trade ; futures market ; market transparency ; value of …
Persistent link: https://www.econbiz.de/10009228937
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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 …
Persistent link: https://www.econbiz.de/10009229027
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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 …
Persistent link: https://www.econbiz.de/10003581734
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The impact of regret on exports
Broll, Udo; Welzel, Peter; Kit, Pong Wong - In: German economic review 17 (2016) 2, pp. 192-205
Persistent link: https://www.econbiz.de/10011474092
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Regret theory and the competitive firm revisited
Broll, Udo; Welzel, Peter; Kit, Pong Wong - In: Eurasian economic review : a journal in applied … 6 (2016) 3, pp. 481-487
Persistent link: https://www.econbiz.de/10011587683
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Hedging and the regret theory of the competitive firm
Broll, Udo; Welzel, Peter; Wong, Kit Pong - 2019
is not only risk averse but also regret averse. Regret-averse preferences are characterized by a modified utility … firm optimally increases (decreases) its futures position when the price risk possesses more positive (negative) skewness. …
Persistent link: https://www.econbiz.de/10012112834
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The firm under regret aversion
Broll, Udo; Welzel, Peter; Kit, Pong Wong - 2017
of the price distribution as such plays a pivotal role in determining the regret-averse firm's production decision. …
Persistent link: https://www.econbiz.de/10011610117
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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,sigma)-preference. In contrast to the literature our findings show...
Persistent link: https://www.econbiz.de/10003841926
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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 …
Persistent link: https://www.econbiz.de/10003980000