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- W1567803773 abstract "We examine consistency with economic theory of markup decisions for a risk averse firm facing demand uncertainty. We derive testable comparative static results that describe the influence on the markup of expected demand, demand uncertainty, average variable costs and exogenous demand shifters. We test the model using data from the wholesale market for organic lettuce. Our results demonstrated that risk averse wholesalers raise markups as expected demand increases and reduce them as uncertainty increases." @default.
- W1567803773 created "2016-06-24" @default.
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- W1567803773 date "1996-07-01" @default.
- W1567803773 modified "2023-09-27" @default.
- W1567803773 title "WHOLESALER MARKUP DECISIONS UNDER DEMAND UNCERTAINTY" @default.
- W1567803773 doi "https://doi.org/10.22004/ag.econ.16699" @default.
- W1567803773 hasPublicationYear "1996" @default.
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