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Title: |
Expected Utility Maximization with Truncated Distributions: An
Application of the Mean-Value Theorem |
| Author: |
Sakong, Yong;
Hayes, Dermot J. |
| Author
Affiliation: |
Korea Rural
Econ Institute; IA State U |
| Source: |
International Economic Journal, Autumn 1995, v. 9, no. 3, pp. 35-48 |
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Publication Date: |
Autumn 1995 |
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Abstract: |
The behavior of an expected
utility-maximizing agent with access to both futures and options markets
and who faces both price and production uncertainty is examined. Results
are compared with those without production uncertainty and for the
mean-variance case. |
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