About: Price Stabilization and the Risk-Averse Firm

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Attributs	Valeurs
type	work Article
Is Part Of	http://hub.abes.fr/oup/periodical/ajae/2003/volume_85/issue_2/w
Subject	Articles price stabilization state-contingent technology risk aversion http://zbw.eu/beta/external_identifiers/jel#q120 http://zbw.eu/beta/external_identifiers/jel#q140 duality
Title	Price Stabilization and the Risk-Averse Firm
has manifestation of work	http://hub.abes.fr/oup/periodical/ajae/2003/volume_85/issue_2/1011111467827600123/m/print http://hub.abes.fr/oup/periodical/ajae/2003/volume_85/issue_2/1011111467827600123/m/web
related by	http://hub.abes.fr/oup/periodical/ajae/2003/volume_85/issue_2/1011111467827600123/authorship/2 http://hub.abes.fr/oup/periodical/ajae/2003/volume_85/issue_2/1011111467827600123/authorship/1
Author	Chambers Robert G. Quiggin John
Abstract	An analytically simple and tractable approach to firm-level welfare analysis of complete and partial mean-preserving price stabilization for producers with general risk-averse preferences facing a stochastic technology is developed. Necessary and sufficient conditions for price stabilization to be welfare enhancing are derived under different assumptions of the producer's preferences and the producer's technology. Existing stabilization results for the risk-averse firm are shown to be corollaries of these more general results.
article type	research-article
is part of this journal	Journal of Farm Economics/Canadian Journal of Agricultural Economics

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