FIRM AND INDUSTRY OUTPUT WHEN PRODUCT DEMAND IS UNCERTAIN
作者:
James Pemberton,
期刊:
Bulletin of Economic Research
(WILEY Available online 1993)
卷期:
Volume 45,
issue 1
页码: 1-5
ISSN:0307-3378
年代: 1993
DOI:10.1111/j.1467-8586.1993.tb00551.x
出版商: Blackwell Publishing Ltd
数据来源: WILEY
摘要:
ABSTRACTPrevious work has established the partial equilibrium response to product demand uncertainty by a single firm in a competitive industry, but for many purposes the aggregate output response of the whole industry is more important. The paper shows that this depends in a simple and intuitive way upon the attitudes to risk of the industry's constituent firms.
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