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Forward-Looking Competitive Firm Under Uncertainty (The)

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  • Lence, Sergio H.
  • Hayes, Dermot J.

Abstract

Presents the findings of studies conducted on agriculture which shows a monotonic relationship between output and the level of risk or of risk aversion. Details on the competitiveness of the agriculture sector; Information on the production cycle; Reference to the use of forward or futures markets to prepare for changes in input costs.

Suggested Citation

  • Lence, Sergio H. & Hayes, Dermot J., 1998. "Forward-Looking Competitive Firm Under Uncertainty (The)," Staff General Research Papers Archive 513, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genres:513
    as

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    References listed on IDEAS

    as
    1. Chavas, Jean-Paul, 1988. "On competitive speculation under uncertainty: An alternative view of the inverse-carrying charge," Journal of Economics and Business, Elsevier, vol. 40(2), pages 117-128, May.
    2. Batra, Raveendra N & Ullah, Aman, 1974. "Competitive Firm and the Theory of Input Demand under Price Uncertainty," Journal of Political Economy, University of Chicago Press, vol. 82(3), pages 537-548, May/June.
    3. B. Wade Brorsen & Jean-Paul Chavas & Warren R. Grant & L. D. Schnake, 1985. "Marketing Margins and Price Uncertainty: The Case of the U.S. Wheat Market," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 67(3), pages 521-528.
    4. Frances Antonovitz & Terry Roe, 1986. "Effects of expected cash and futures prices on hedging and production," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 6(2), pages 187-205, June.
    5. Hartman, Richard, 1975. "Competitive Firm and the Theory of Input Demand under Price Uncertainty: Comment," Journal of Political Economy, University of Chicago Press, vol. 83(6), pages 1289-1290, December.
    6. Katz, Eliakim, 1983. "Relative Risk Aversion in Comparative Statics," American Economic Review, American Economic Association, vol. 73(3), pages 452-453, June.
    7. Satheesh V. Aradhyula & Matthew T. Holt, 1989. "Risk Behavior and Rational Expectations in the U.S. Broiler Market," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(4), pages 892-902.
    8. Frances Antonovitz & Richard Green, 1990. "Alternative Estimates of Fed Beef Supply Response to Risk," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(2), pages 475-487.
    9. Diewert, W E, 1971. "An Application of the Shephard Duality Theorem: A Generalized Leontief Production Function," Journal of Political Economy, University of Chicago Press, vol. 79(3), pages 481-507, May-June.
    10. Hey, John D, 1987. "The Dynamic Competitive Firm under Spot Price Uncertainty," The Manchester School of Economic & Social Studies, University of Manchester, vol. 55(1), pages 1-12, March.
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