The Impact of Risk on Decision Taking by Oligopolist

• Authors: Dudzinski P.
• Languages of publication: PL

Abstracts

EN

The article presents an application of the von Neumann-Morgenstern theory to oligopoly case. It is proven that oligopoly leader's decision are different in cases of risk neutrality and risk aversion. Under uncertainty and risk aversion output is usually smaller and the certainty output and expected profits are higher in the risk neutrality case

Keywords

EN

OLIGOPOLY LEADER'S DECISION - RISK'S IMPACT

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Spółdzielczy Instytut Naukowy G. Bierecki sp.j.
• Journal: Pieniądze i Więź
• Year: 2008
• Volume: 11
• Issue: 4(41)
• Pages: 185-190
• Document type: ARTICLE

Contributors

author

Dudzinski P.

• P. Dudzinski, Uniwersytet Gdanski, Instytut Matematyki, ul. W. Stwosza 57, 80-308 Gdansk, Poland

Identifiers

CEJSH db identifier

09PLAAAA057916