RATE OF RETURN REGULATION UNDER FACTOR PRICE UNCERTAINTY

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概要

• 論文の詳細を見る

• In the model that a firm produces one commodity, say electricity by the use of two factors, say capital and a resource under the rate of return regulation on capital, we analyse the firms optimal behaviour, when one of the factor prices is uucertain. Our conclusion is that if the resource price is uncertain, the firms risk attitude and the degree in risk influence the firms resource allocation, but if the capital price is uncertain, this uncertainty never affects the optimal level of factor employment.

• 日本地域学会の論文

著者

• KATAYAMA Sei-ichi

  The Research Institute for Economics & Business Administration Kobe University

• TAWADA Makoto

  The Research Institute for Economics & Business Administration Kobe University

• TAWADA Makoto

  The Research Institute for Economics & Business Administration Kobe University

関連論文

• RATE OF RETURN REGULATION UNDER FACTOR PRICE UNCERTAINTY

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