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Minimum Prices and Optimal Production under Multiple

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  • Eeckhoudt, Louis
  • Hansen, P

Abstract

In a competitive market where only output price is uncertain, risk averse producers always respond positively to a better protection against downward price fluctuations. In this note, the authors analyze the robustness of this result when there is more than one source of risk. Copyright 1989 by Oxford University Press.

Suggested Citation

  • Eeckhoudt, Louis & Hansen, P, 1989. "Minimum Prices and Optimal Production under Multiple," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 16(3), pages 411-418.
    • Handle: RePEc:oup:erevae:v:16:y:1989:i:3:p:411-18
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    Cited by:

    1. Hahn, W. Andreas & Härtl, Fabian & Irland, Lloyd C. & Kohler, Christoph & Moshammer, Ralf & Knoke, Thomas, 2014. "Financially optimized management planning under risk aversion results in even-flow sustained timber yield," Forest Policy and Economics, Elsevier, vol. 42(C), pages 30-41.
    2. Louis Eeckhoudt & Alban Thomas & Nicolas Treich, 2011. "Correlated risks and the value of information," Journal of Economics, Springer, vol. 102(1), pages 77-87, January.
    3. EECKHOUDT Louis & THOMAS Alban & TREICH Nicolas, 2006. "Correlated Risks and the Value of Information for Agricultural Producers," LERNA Working Papers 06.12.205, LERNA, University of Toulouse.

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