the profit-maximizing contract design with partially naive time-inconsistent consumers. First, firms price investment … goods below marginal cost. Second, firms price leisure goods above marginal cost. Third, for all types of goods firms …

. 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 …

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