Guo, Xu; Wong, Wing Keung - In: Estudios de economía 46 (2019) 2, pp. 157-171
. We compare the optimal output levels of regret-averse firms with purely risk- averse firms under uncertainty and firms …Previous studies focused on the comparison of the optimal output levels of regret- averse firms under uncertainty and … under certainty. We first show that the linear-regret firms will surely produce more than their purely risk …