Abstract
We show a simple methodology (or scheme to work) to study comparative-static effects in some models of the theory of the firm under uncertainty. We present this methodology in detail for a basic production model with only one decision variable (SANDMO’s model). Then we sketch it for a model with two decision variables (HOLTHAUSEN’s model with a forward market), and for a model of optimal allocation of production (a two-ends model, of our own).
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Álvarez-López, A.A., Rodríguez-Puerta, I.: Teoría de la empresa bajo incertidumbre con mercado de futuros: el papel de los costes fijos y de un impuesto sobre los beneficios. Rect@ 10(1), 253–265 (2009)
Álvarez-López, A.A., Rodríguez-Puerta, I.: A unified approach for some comparative-static effects in the theory of the firm under uncertainty (2010) (In preparation)
Dalal, A.J., Alghalith, M.: Production decisions under joint price and production uncertainty. Eur. J. Oper. Res. 197, 84–92 (2009)
Holthausen, D.M.: Hedging and the competitive firm under price uncertainty. Am. Econ. Rev. 69(5), 989–995 (1979)
Lippman, S.A., McCall, J.J.: The economics of uncertainty: selected topics and probabilistic methods. In: Arrow, K.J., Intriligator, M.J. (eds.) Handbook of Mathematical Economics, vol. 1, Chap. 6. North-Holland, Amsterdam (1982)
Rodríguez-Puerta, I., Álvarez-López, A.A.: Optimal allocation of a fixed production under price uncertainty (2010) (Submitted)
Sandmo, A.: On the theory of the competitive firm under price uncertainty. Am. Econ. Rev. 61(1), 65–73 (1971)
Acknowledgements
Previous versions of the material for this work were presented in ASEPUMA Annual Meeting in 2007 and 2008, and in EURO 2010.
The authors would like to thank Alberto Pinto for his kind invitation to write this paper. Alberto A. Álvarez-López would also like to thank the financial support provided by the Spanish Interministerial Commission of Science and Technology (CICYT: Comisión Interministerial de Ciencia y Tecnología), under the Project with the reference number ECO2008-06395-C05-03.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2011 Springer-Verlag Berlin Heidelberg
About this paper
Cite this paper
Álvarez-López, A.A., Rodríguez-Puerta, I. (2011). A Methodological Contribution in the Theory of the Firm Under Uncertainty. In: Peixoto, M., Pinto, A., Rand, D. (eds) Dynamics, Games and Science II. Springer Proceedings in Mathematics, vol 2. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-14788-3_7
Download citation
DOI: https://doi.org/10.1007/978-3-642-14788-3_7
Published:
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-14787-6
Online ISBN: 978-3-642-14788-3
eBook Packages: Mathematics and StatisticsMathematics and Statistics (R0)