Factor price stabilization and the competitive firm
1991
Tēvatās, Cā | Choi, E.K.
This paper investigates the effects of factor price stabilization on production decisions of the competitive firm with ex post production flexibility. Factor price stabilization is achieved through changes in the guaranteed minimum price and the imposed maximum price. For the risk-averse firm, the effect of factor price stabilization, through a mean-preserving contraction, on capital crucially depends on whether capital and the variable input are substitutes or complements as well as the observable characteristics of the variable input demand curve.
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书目信息
出版者
Blackwell Publishing Ltd
其它主题
Products and commodities; Mean-preserving contraction; Corn
语言
英语
注释
2019-12-04
类型
Journal Article; Text
2024-02-29
MODS