Skip to main content

Research Repository

Advanced Search

Outputs (1581)

Risky Production with Ex-Ante Prices Under Monopoly Analytical and Simulation Results (1993)
Journal Article
Driver, C., Lambert, P., & Vial, S. (1993). Risky Production with Ex-Ante Prices Under Monopoly Analytical and Simulation Results. Bulletin of Economic Research, 45(1), 59-68. https://doi.org/10.1111/j.1467-8586.1993.tb00556.x

This paper concerns the case of a monopolist facing multiplicative uncertainty in demand. Karlin and Carr (1962), henceforth KC, show that, when price and production are both chosen ex ante, the uncertainty price exceeds the certainty price. They als... Read More about Risky Production with Ex-Ante Prices Under Monopoly Analytical and Simulation Results.