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firms under certainty. This paper extends the theory by further investigating the effects of regret-aversion on production …-averse firms to produce more than the purely risk-averse counterparts and study the comparative statics of the optimal production …. We also develop properties of regret-aversion on production. …
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considered as a measure of this objective and, in turn, as a measure of productivity in relation to the production process in … which the journals are involved. In order to assess this production process, in this paper econometric models using data … distance between the actual production of the journals and their estimated maximum achievable number of citations based on …
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