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http://hdl.handle.net/20.500.11861/6445| Title: | Preference for output price uncertainty by the non-renewable resource extracting firm |
| Authors: | Hartwick, John M. Prof. YEUNG Wing Kay, David |
| Issue Date: | 1985 |
| Source: | Econmics Letters, 1985, vol. 19(1), pp. 85-89. |
| Journal: | Economics Letters |
| Abstract: | We establish a general preference for price uncertainty by the price-taking, risk-neutral, non-renewable resource extracting firm with orthodox convex extraction costs. We prove that the relevant value function for profits over an interval is convex in output price. |
| Type: | Peer Reviewed Journal Article |
| URI: | http://hdl.handle.net/20.500.11861/6445 |
| ISSN: | 0165-1765 |
| DOI: | 10.1016/0165-1765(85)90109-0 |
| Appears in Collections: | Economics and Finance - Publication |
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