TY - JOUR
T1 - Production decisions in case of monotone likelihood ratio shifts of cumulative distribution functions
AU - Machnes, Yaffa
PY - 1993/12
Y1 - 1993/12
N2 - A firm faces two independent sources of risk: uncertain demand and the background risk to its assets. We show that certainty equivalent behavior occurs in the case of monotone likelihood ratio shifts of the distribution of each of the two sources of risk.
AB - A firm faces two independent sources of risk: uncertain demand and the background risk to its assets. We show that certainty equivalent behavior occurs in the case of monotone likelihood ratio shifts of the distribution of each of the two sources of risk.
KW - Likelihood ratio shifts
KW - Production
UR - http://www.scopus.com/inward/record.url?scp=43949164176&partnerID=8YFLogxK
U2 - 10.1016/0167-6687(93)90410-Q
DO - 10.1016/0167-6687(93)90410-Q
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AN - SCOPUS:43949164176
SN - 0167-6687
VL - 13
SP - 299
EP - 302
JO - Insurance: Mathematics and Economics
JF - Insurance: Mathematics and Economics
IS - 3
ER -