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EconStor >
Technische Universität Dresden >
Fakultät Wirtschaftswissenschaften, Technische Universität Dresden >
Dresden Discussion Paper Series in Economics, Faculty of Business and Economics, TU Dresden >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/36497
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Broll, Udo | | en_US |
| dc.contributor.author | | Egozcue, Martín | | en_US |
| dc.contributor.author | | Wong, Wing-Keung | | en_US |
| dc.date.accessioned | | 2009-06-08 | | en_US |
| dc.date.accessioned | | 2010-07-15T09:41:03Z | | - |
| dc.date.available | | 2010-07-15T09:41:03Z | | - |
| dc.date.issued | | 2009 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/36497 | | - |
| dc.description.abstract | | Within the prospect theory the paper examines production and hedging decisions of a competitive firm under price uncertainty. We consider the prospect theory for the firm's utility function in the two moment model known as (mu,sigma)-preference. In contrast to the literature our findings show that the production under uncertainty can be larger than in the certainty case. Furthermore, we demonstrate that although the futures markets are unbiased the firm is overhedging. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Univ. of Technology, Fac. of Business Management and Economics Dresden | | en_US |
| dc.relation.ispartofseries | | Dresden discussion paper series in economics 01/09 | | en_US |
| dc.subject.jel | | D21 | | en_US |
| dc.subject.jel | | D41 | | en_US |
| dc.subject.jel | | D81 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Prospect theory, mean-variance model, price uncertainty | | en_US |
| dc.title | | Prospect theory and two moment model: the firm under price uncertainty | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 601230442 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| dc.identifier.repec | | RePEc:zbw:tuddps:0109 | | - |
| Appears in Collections: | | Dresden Discussion Paper Series in Economics, Faculty of Business and Economics, TU Dresden
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