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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.
SCIMA record nr: 222312
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