Product Market Competition and the Impact of Price Uncertainty on Investment
Author : Vivek Ghosal
Publisher :
Page : 28 pages
File Size : 12,11 MB
Release : 1995
Category : Capital investments
ISBN :
Author : Vivek Ghosal
Publisher :
Page : 28 pages
File Size : 12,11 MB
Release : 1995
Category : Capital investments
ISBN :
Author : Clement Allan Tisdell
Publisher : Princeton University Press
Page : 208 pages
File Size : 42,93 MB
Release : 2015-12-08
Category : Business & Economics
ISBN : 1400876338
Firms and farmers, under pure competition, must make production decisions in the face of price uncertainty. The author has integrated diverse theories of behavior under uncertainty to provide a new framework for his mathematical analysis of the impact of price uncertainty on the behavior of the firm. Drawing upon the work of Knight, Hicks, von Neumann, and Morgenstern, he develops a schema that accounts for a greater diversity of behavior than do existing theories, yet one which yields simple economic theorems of practical value. The conclusions he draws apply to both socialist and capitalist economics. Originally published in 1968. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Author : Donald V. Coes
Publisher : Routledge
Page : 236 pages
File Size : 18,27 MB
Release : 2017-04-21
Category : Business & Economics
ISBN : 135179888X
Originally published in 1979. This book addresses three questions regarding uncertainty in economic life: how do we define uncertainty and use the concept meaningfully to provide conclusions; how can the level of uncertainty associated with a particular variable of economic interest be measured; and does experience provide any support for the view that uncertainty really matters. It develops a theory of the effect of price uncertainty on production and trade, takes a graphical approach to look at effects of a mean preserving spread to create rules for ordering distributions, and finishes with an econometric analysis of the effects of Brazil’s adoption of a crawling peg in reducing real exchange rate uncertainty. This is an important early study into the significance of uncertainty.
Author : Don Coes
Publisher : Taylor & Francis
Page : 285 pages
File Size : 32,56 MB
Release : 2017-04-21
Category : Business & Economics
ISBN : 1351798871
Originally published in 1979. This book addresses three questions regarding uncertainty in economic life: how do we define uncertainty and use the concept meaningfully to provide conclusions; how can the level of uncertainty associated with a particular variable of economic interest be measured; and does experience provide any support for the view that uncertainty really matters. It develops a theory of the effect of price uncertainty on production and trade, takes a graphical approach to look at effects of a mean preserving spread to create rules for ordering distributions, and finishes with an econometric analysis of the effects of Brazil’s adoption of a crawling peg in reducing real exchange rate uncertainty. This is an important early study into the significance of uncertainty.
Author : Brian D. Wright
Publisher :
Page : 27 pages
File Size : 27,97 MB
Release : 1984
Category : Microeconomics
ISBN :
Author : Apostolos Serletis
Publisher : World Scientific Publishing Company Incorporated
Page : 142 pages
File Size : 39,23 MB
Release : 2012
Category : Business & Economics
ISBN : 9789814390675
The relationship between the price of oil and the level of economic activity is a fundamental issue in macroeconomics. There is an ongoing debate in the literature about whether positive oil price shocks cause recessions in the United States (and other oil-importing countries), and although there exists a vast empirical literature that investigates the effects of oil price shocks, there are relatively few studies that investigate the direct effects of uncertainty about oil prices on the real economy. The book uses recent advances in macroeconomics and financial economics to investigate the effects of oil price shocks and uncertainty about the price of oil on the level of economic activity.
Author : Jan Dehn
Publisher : World Bank Publications
Page : 66 pages
File Size : 35,33 MB
Release : 2000
Category : Agricultural prices
ISBN :
The author estimates the effects on growth of commodity price shocks, and uncertainty within an established empirical growth model. Ex-post shocks, and ex-ante uncertainty have been treated in the empirical literature as if they were synonymous. But they are distinct concepts, and it is both theoretically, and empirically inappropriate to treat them as synonymous. He shows that the interaction between policy, and aid is robust to the inclusion of variables capturing commodity price movements. More important, his approach departs in three ways from earlier empirical studies of the subject: 1) It deals with issues of endogeneity, without incurring an excessive loss of efficiency. 2) It defines the dependent variable to allow an assessment of the longer-term implications of temporary trade shocks. 3) It imposes no priors on how commodity price movements affect growth, but compares and contrasts a range of competing shock, and uncertainty specifications. The author resolves the disagreement about the long-run effect of positive shocks on growth, finding that positive shocks have no long-run impact on growth (that windfalls from trade shocks do not translate into sustainable increases in income). He shows that negative shocks have large, highly significant, and negative effects on growth, but that commodity price uncertainty does not affect growth.
Author : Don Coes
Publisher : Routledge
Page : 284 pages
File Size : 27,65 MB
Release : 2018-08-29
Category : Foreign exchange rates
ISBN : 9781138633636
Originally published in 1979. This book addresses three questions regarding uncertainty in economic life: how do we define uncertainty and use the concept meaningfully to provide conclusions; how can the level of uncertainty associated with a particular variable of economic interest be measured; and does experience provide any support for the view that uncertainty really matters. It develops a theory of the effect of price uncertainty on production and trade, takes a graphical approach to look at effects of a mean preserving spread to create rules for ordering distributions, and finishes with an econometric analysis of the effects of Brazil¿s adoption of a crawling peg in reducing real exchange rate uncertainty. This is an important early study into the significance of uncertainty.
Author : Warren Bernard Bailey
Publisher :
Page : 0 pages
File Size : 18,58 MB
Release : 1985
Category : Assets (Accounting)
ISBN :
Author : Dehn
Publisher :
Page : 0 pages
File Size : 32,91 MB
Release : 2013
Category :
ISBN :