Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/36497 
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dc.contributor.authorBroll, Udoen
dc.contributor.authorEgozcue, Martínen
dc.contributor.authorWong, Wing-Keungen
dc.date.accessioned2009-06-08-
dc.date.accessioned2010-07-15T09:41:03Z-
dc.date.available2010-07-15T09:41:03Z-
dc.date.issued2009-
dc.identifier.urihttp://hdl.handle.net/10419/36497-
dc.description.abstractWithin 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
dc.language.isoengen
dc.publisher|aTechnische Universität Dresden, Fakultät Wirtschaftswissenschaften |cDresdenen
dc.relation.ispartofseries|aDresden Discussion Paper Series in Economics |x01/09en
dc.subject.jelD21en
dc.subject.jelD41en
dc.subject.jelD81en
dc.subject.ddc330en
dc.subject.keywordProspect theory, mean-variance model, price uncertaintyen
dc.titleProspect theory and two moment model: the firm under price uncertainty-
dc.type|aWorking Paperen
dc.identifier.ppn601230442en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:tuddps:0109en

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