Risky production with ex-ante prices under monopoly: analytical and simulation results

Article Abstract:

A production model which treats price and production as ex-ante variables as proposed by Karlin and Carr is analyzed to derive a determinate output volume effect given conditions of constant price elasticity of certainty demand and a uniform probability distribution. Simulation techniques are used to extend the impact of demand uncertainty on ouptut and price. The study supports Karlin and Carr's proposal that optimal price is higher than certainty price when demand is not price-elastic.

Models, Economic aspects, Prices, Monopolies, Production functions (Economics)

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Transforming Qualitative Survey Data: Performance Comparisons for the UK

Article Abstract:

The article examines machinery and plant investment, employment, output, price, cost, and exports variables in testing the conversion of qualitative survey data into quantitative indices. Findings show that the balance statistic is a useful method for converting the variables of output, exports, and investment.

Product information, Testing, Comparative analysis, Statistical methods, Econometric models

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The effect of business risk on manufacturing investment Sectoral survey evidence from Ireland

Article Abstract:

Research is presented on interpreting a Sectoral survey regarding investment decisions of large manufacturing firms in Ireland, and understanding these decisions within the framework of different models of risk. The study looks at what influenced each firm's responses within the survey.

Research, Manufacturing industry, Manufacturing industries, Risk assessment, Investments, Ireland

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