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  • A producer theory with business risks 

    Kim, Seong-Hoon; Moon, Seongman (CDMA - CENTRE FOR DYNAMIC MACROECONOMIC ANALYSIS, 2012-01) - Working or discussion paper
    In this paper, we consider a producer who faces uninsurable business risks due to incomplete spanning of asset markets over stochastic goods market outcomes, and examine how the presence of the uninsurable business risks ...