Price Uncertainty, Utility, and Industry Equilibrium in Pure Competition

DOI10.2307/2525325zbMath0208.23301OpenAlexW2072794866MaRDI QIDQ5610234

David P. Baron

Publication date: 1970

Published in: International Economic Review (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2525325

Mathematics Subject Classification ID

Utility theory (91B16) Microeconomic theory (price theory and economic markets) (91B24) General equilibrium theory (91B50)

Related Items (20)

Selection effects in auctions for monopoly rights ⋮ Two-part tariffs set by a risk-averse monopolist ⋮ Revenue risks, insurance, and the behavior of competitive firms ⋮ A comment on two concepts of risk premia and certainty equivalents ⋮ Hedging and the competitive firm under price, output and quality uncertainties ⋮ Self-insurance, self-protection and increased risk aversion ⋮ On the theory of risk aversion and the theory of risk ⋮ Efficient regulated entry in competitive markets with demand uncertainty ⋮ Cost uncertainty in an oligopoly with endogenous entry ⋮ Production and hedging decisions in futures and forward markets ⋮ Firm behavior under illiquidity risk ⋮ Overlooked results on the competitive firm under output price risk: alternative sufficient conditions for downward sloping factor demand curves ⋮ The impact of risk aversion on information transmission between firms ⋮ Production under uncertainty ⋮ Risk, risk aversion and many control variables ⋮ Uncertainty, dynamic conditions, and optimal investment, employment and inventory policies ⋮ Risk aversion, impatience, and optimal timing decisions ⋮ The general equilibrium theory of tax incidence under uncertainty ⋮ Constant returns to scale and competitive equilibrium under uncertainty ⋮ Futures markets, production and diversification of risk

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