| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5055287 | Economic Modelling | 2012 | 7 Pages |
Abstract
⺠This paper examines the behavior of a regret-averse producer facing revenue risk. ⺠The regret-averse producer never fully insures against the revenue risk. ⺠The regret-averse producer may choose not to purchase actuarially fair insurance. ⺠The regret-averse producer may produce less as compared to the case of no insurance. ⺠These results are distinct from those under pure risk aversion.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Kit Pong Wong,