Price Stabilization and the Risk‐Averse Firm
为面临随机技术的风险规避型生产者，开发了一种分析完整和部分均值保持价格稳定的福利效应的简单方法，并推导了价格稳定提升福利的条件。
An analytically simple and tractable approach to firm‐level welfare analysis of complete and partial mean‐preserving price stabilization for producers with general risk‐averse preferences facing a stochastic technology is developed. Necessary and sufficient conditions for price stabilization to be welfare enhancing are derived under different assumptions of the producer's preferences and the producer's technology. Existing stabilization results for the risk‐averse firm are shown to be corollaries of these more general results.