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Titel (übersetzt): 
Comparación del comportamiento de producción de empresas aversas al arrepentimiento y aversas al riesgo
Erscheinungsjahr: 
2019
Quellenangabe: 
[Journal:] Estudios de Economía [ISSN:] 0718-5286 [Volume:] 46 [Issue:] 2 [Year:] 2019 [Pages:] 157-171
Verlag: 
Universidad de Chile, Departamento de Economía, Santiago de Chile
Zusammenfassung: 
Previous studies focused on the comparison of the optimal output levels of regret- averse firms under uncertainty and firms under certainty. This paper extends the theory by further investigating the effects of regret-aversion on production. We compare the optimal output levels of regret-averse firms with purely risk- averse firms under uncertainty and firms under certainty. We first show that the linear-regret firms will surely produce more than their purely risk-averse counterparts and surely produce less than firms under certainty. Thereafter, we give sufficient conditions to ensure the regret-averse firms to produce more than the purely risk-averse counterparts and study the comparative statics of the optimal production. We also develop properties of regret-aversion on production.
Schlagwörter: 
Production
regret aversion
risk aversion
uncertainty
JEL: 
D21
D24
D81
Creative-Commons-Lizenz: 
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Dokumentart: 
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