Cover: Competitive Production for Constant Risk Utility Functions.

Competitive Production for Constant Risk Utility Functions.

Published 1967

by John McCall

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Optimal competitive outputs are obtained for three different firms having constant risk utility functions. For an arbitrary probability distribution, it is found that the optimal output for constant risk averse firms is no more than that for risk indifferent firms, which in turn is no more than the output of constant risk preference firms.

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