Risk-Neutral Monopolists are Variance-Averse

Autor/innen

  • Roland Kirstein

DOI:

https://doi.org/10.24352/UB.OVGU-2018-391

Schlagworte:

Risk-aversion, correlated random variables, market power

Abstract

If the production of a risk-neutral monopolist is in uenced by a random variable, then the expected pro t is decreasing in the variance of the production process.

Veröffentlicht

2018-09-05

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