Minimum prices and optimal production under multiple sources of risk: a note
研究了在竞争市场中，当存在多种风险来源时，生产者对价格下行保护的正向反应是否依然成立。
In a competitive market where only output price is uncertain, risk averse producers always respond positively to a better protection against downward price fluctuations. In this note we analyse the robustness of this result when there is more than one source of risk.