Please use this identifier to cite or link to this item: 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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