The present increasing need for the development of empirical hypotheses that explain the decisionmakers' behavior towards risk is to provide an understanding of the framework within which an industry operates. Such hypotheses could facilitate the implementation of policies designed to solve problems identified within an industry and could also provide...
The Pacific salmon market may often be characterized by
disequilibrium conditions and less than perfect information. Thus the
study of the decision-making behavior, especially short-run pricing,
of wholesale market participants in this industry requires the use of
alternative models to the conventional, price-taking, perfect
competition model of the firm.
This...