Factor Price Stabilization and the Competitive Firm
研究要素价格稳定化（通过最低和最高价格限制）如何影响具有事后生产灵活性的竞争性企业的资本决策，尤其关注风险厌恶企业的情况。
Abstract This paper investigates the effects of factor price stabilization on production decisions of the competitive firm with ex post production flexibility. Factor price stabilization is achieved through changes in the guaranteed minimum price and the imposed maximum price. For the risk‐averse firm, the effect of factor price stabilization, through a mean‐preserving contraction, on capital crucially depends on whether capital and the variable input are substitutes or complements as well as the observable characteristics of the variable input demand curve.