Agnar Sandmo (1971) “On the Theory of the Competitive Firm Under Price Uncertainty." The American Economic Review, Vol. 61, No. 1 (Mar., 1971), pp. 65-73. URL: http://www.jstor.org/stable/1910541; lse.ac.uk 提供的 [PDF];****
==note by yinung==
這篇利用 risk-averse 的 utility function 假設, 證明完全競爭廠商, 在有 price uncertainty 下, 最佳決策是
p>c'(x)
where c'(x),邊際成本, is increasing in x