Author: | Stickel, E. |
Title: | Uncertainty reduction in a competitive environment |
Journal: | Journal of Business Research
2001 : MAR, VOL. 51:3, p. 169-177 |
Index terms: | Risk management Econometric models |
Language: | eng |
Abstract: | It is shown in this paper that uncertainty reduction in an incomplete market environment is not always a good strategy. It is argued that firms are somehow rewarded for taking risks. The results are derived by means of a formal microeconomicmodel. |
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