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http://dspace.mediu.edu.my:8181/xmlui/handle/10261/1765Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | Nicolini, Rosella | - |
| dc.creator | Menoncin, Francesco | - |
| dc.date | 2007-10-31T12:22:13Z | - |
| dc.date | 2007-10-31T12:22:13Z | - |
| dc.date | 2005-02-03 | - |
| dc.date.accessioned | 2017-01-31T00:57:50Z | - |
| dc.date.available | 2017-01-31T00:57:50Z | - |
| dc.identifier | http://hdl.handle.net/10261/1765 | - |
| dc.identifier.uri | http://dspace.mediu.edu.my:8181/xmlui/handle/10261/1765 | - |
| dc.description | This paper aims at assessing the optimal behavior of a firm facing stochastic costs of production. In an imperfectly competitive setting, we evaluate to what extent a firm may decide to locate part of its production in other markets different from which it is actually settled. This decision is taken in a stochastic environment. Portfolio theory is used to derive the optimal solution for the intertemporal profit maximization problem. In such a framework, splitting production between different locations may be optimal when a firm is able to charge different prices in the different local markets. | - |
| dc.description | R. Nicolini research is supported by Ramón y Cajal contract of the Spanish Ministerio de Ciencia y Tecnología and by Barcelona Economics Program of CREA. | - |
| dc.language | eng | - |
| dc.relation | UFAE and IAE Working Papers | - |
| dc.relation | 640.05 | - |
| dc.rights | openAccess | - |
| dc.subject | Firm behaviour | - |
| dc.subject | Portfolio theory | - |
| dc.subject | Risk aversion | - |
| dc.subject | Uncertainty | - |
| dc.title | The optimal behaviour of firms facing stochastic costs | - |
| dc.type | Documento de trabajo | - |
| Appears in Collections: | Digital Csic | |
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