{"id":"https://openalex.org/W3010492546","doi":"https://doi.org/10.1080/00207543.2020.1733699","title":"Production theory under price uncertainty for firms with disappointment aversion","display_name":"Production theory under price uncertainty for firms with disappointment aversion","publication_year":2020,"publication_date":"2020-03-06","ids":{"openalex":"https://openalex.org/W3010492546","doi":"https://doi.org/10.1080/00207543.2020.1733699","mag":"3010492546"},"language":"en","primary_location":{"id":"doi:10.1080/00207543.2020.1733699","is_oa":false,"landing_page_url":"https://doi.org/10.1080/00207543.2020.1733699","pdf_url":null,"source":{"id":"https://openalex.org/S65690446","display_name":"International Journal of Production Research","issn_l":"0020-7543","issn":["0020-7543","1366-588X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547"],"host_organization_lineage_names":["Taylor & Francis"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Production Research","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5101666020","display_name":"Xu Guo","orcid":"https://orcid.org/0000-0003-4037-8633"},"institutions":[{"id":"https://openalex.org/I25254941","display_name":"Beijing Normal University","ror":"https://ror.org/022k4wk35","country_code":"CN","type":"education","lineage":["https://openalex.org/I25254941"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Xu Guo","raw_affiliation_strings":["School of Statistics, Beijing Normal University, Beijing, People's Republic of China"],"affiliations":[{"raw_affiliation_string":"School of Statistics, Beijing Normal University, Beijing, People's Republic of China","institution_ids":["https://openalex.org/I25254941"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5056505097","display_name":"Mart\u00edn Egozcue","orcid":"https://orcid.org/0000-0002-9690-4850"},"institutions":[{"id":"https://openalex.org/I71302355","display_name":"Universidad de Montevideo","ror":"https://ror.org/05w626e73","country_code":"UY","type":"education","lineage":["https://openalex.org/I71302355"]}],"countries":["UY"],"is_corresponding":true,"raw_author_name":"Mart\u00edn Egozcue","raw_affiliation_strings":["Accounting and Finance Department, Norte Construcciones S.A., Montevideo, Uruguay","Universidad de Montevideo and ANII, Montevideo, Uruguay"],"affiliations":[{"raw_affiliation_string":"Accounting and Finance Department, Norte Construcciones S.A., Montevideo, Uruguay","institution_ids":[]},{"raw_affiliation_string":"Universidad de Montevideo and ANII, Montevideo, Uruguay","institution_ids":["https://openalex.org/I71302355"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5045661677","display_name":"Wing\u2010Keung Wong","orcid":"https://orcid.org/0000-0001-6755-572X"},"institutions":[{"id":"https://openalex.org/I143578492","display_name":"Asia University","ror":"https://ror.org/038a1tp19","country_code":"TW","type":"education","lineage":["https://openalex.org/I143578492"]},{"id":"https://openalex.org/I47605537","display_name":"The Hang Seng University of Hong Kong","ror":"https://ror.org/04fa64g55","country_code":"CN","type":"education","lineage":["https://openalex.org/I47605537"]},{"id":"https://openalex.org/I4210126829","display_name":"China Medical University Hospital","ror":"https://ror.org/0368s4g32","country_code":"TW","type":"healthcare","lineage":["https://openalex.org/I4210126829"]},{"id":"https://openalex.org/I184693016","display_name":"China Medical University","ror":"https://ror.org/00v408z34","country_code":"TW","type":"education","lineage":["https://openalex.org/I184693016"]},{"id":"https://openalex.org/I889458895","display_name":"University of Hong Kong","ror":"https://ror.org/02zhqgq86","country_code":"HK","type":"education","lineage":["https://openalex.org/I889458895"]}],"countries":["CN","HK","TW"],"is_corresponding":false,"raw_author_name":"Wing Keung Wong","raw_affiliation_strings":["Department of Economics and Finance, Hang Seng University of Hong Kong, Siu Lek Yuen, Hong Kong","Department of Finance, Fintech Center, and Big Data Research Center, Asia University, Taipei, Taiwan","Department of Medical Research, China Medical University Hospital, Taichung City, Taiwan"],"affiliations":[{"raw_affiliation_string":"Department of Economics and Finance, Hang Seng University of Hong Kong, Siu Lek Yuen, Hong Kong","institution_ids":["https://openalex.org/I47605537","https://openalex.org/I889458895"]},{"raw_affiliation_string":"Department of Finance, Fintech Center, and Big Data Research Center, Asia University, Taipei, Taiwan","institution_ids":["https://openalex.org/I143578492"]},{"raw_affiliation_string":"Department of Medical Research, China Medical University Hospital, Taichung City, Taiwan","institution_ids":["https://openalex.org/I4210126829","https://openalex.org/I184693016"]}]}],"institutions":[],"countries_distinct_count":4,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5056505097"],"corresponding_institution_ids":["https://openalex.org/I71302355"],"apc_list":null,"apc_paid":null,"fwci":4.0358,"has_fulltext":false,"cited_by_count":23,"citation_normalized_percentile":{"value":0.94151505,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":95,"max":99},"biblio":{"volume":"59","issue":"8","first_page":"2392","last_page":"2405"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.9814000129699707,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.9814000129699707,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10471","display_name":"Climate Change Policy and Economics","score":0.9462000131607056,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.9412000179290771,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/disappointment","display_name":"Disappointment","score":0.996706485748291},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.7602753639221191},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.600548505783081},{"id":"https://openalex.org/keywords/production","display_name":"Production (economics)","score":0.5748931169509888},{"id":"https://openalex.org/keywords/risk-aversion","display_name":"Risk aversion (psychology)","score":0.49229350686073303},{"id":"https://openalex.org/keywords/econometrics","display_name":"Econometrics","score":0.42587292194366455},{"id":"https://openalex.org/keywords/financial-economics","display_name":"Financial economics","score":0.40128540992736816},{"id":"https://openalex.org/keywords/mathematical-economics","display_name":"Mathematical economics","score":0.3458384871482849},{"id":"https://openalex.org/keywords/expected-utility-hypothesis","display_name":"Expected utility hypothesis","score":0.33253347873687744},{"id":"https://openalex.org/keywords/psychology","display_name":"Psychology","score":0.060630738735198975}],"concepts":[{"id":"https://openalex.org/C2779628136","wikidata":"https://www.wikidata.org/wiki/Q621206","display_name":"Disappointment","level":2,"score":0.996706485748291},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7602753639221191},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.600548505783081},{"id":"https://openalex.org/C2778348673","wikidata":"https://www.wikidata.org/wiki/Q739302","display_name":"Production (economics)","level":2,"score":0.5748931169509888},{"id":"https://openalex.org/C129915516","wikidata":"https://www.wikidata.org/wiki/Q17083550","display_name":"Risk aversion (psychology)","level":3,"score":0.49229350686073303},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.42587292194366455},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.40128540992736816},{"id":"https://openalex.org/C144237770","wikidata":"https://www.wikidata.org/wiki/Q747534","display_name":"Mathematical economics","level":1,"score":0.3458384871482849},{"id":"https://openalex.org/C205706631","wikidata":"https://www.wikidata.org/wiki/Q2319304","display_name":"Expected utility hypothesis","level":2,"score":0.33253347873687744},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.060630738735198975},{"id":"https://openalex.org/C77805123","wikidata":"https://www.wikidata.org/wiki/Q161272","display_name":"Social psychology","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1080/00207543.2020.1733699","is_oa":false,"landing_page_url":"https://doi.org/10.1080/00207543.2020.1733699","pdf_url":null,"source":{"id":"https://openalex.org/S65690446","display_name":"International Journal of Production Research","issn_l":"0020-7543","issn":["0020-7543","1366-588X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547"],"host_organization_lineage_names":["Taylor & Francis"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Production Research","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:taf:tprsxx:v:59:y:2021:i:8:p:2392-2405","is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1080/00207543.2020.1733699","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[{"display_name":"Industry, innovation and infrastructure","score":0.4300000071525574,"id":"https://metadata.un.org/sdg/9"}],"awards":[{"id":"https://openalex.org/G4597774858","display_name":null,"funder_award_id":"11701034","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"}],"funders":[{"id":"https://openalex.org/F4320321001","display_name":"National Natural Science Foundation of China","ror":"https://ror.org/01h0zpd94"}],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":47,"referenced_works":["https://openalex.org/W577478859","https://openalex.org/W1535289411","https://openalex.org/W1546755032","https://openalex.org/W1551463368","https://openalex.org/W1575021378","https://openalex.org/W1971368787","https://openalex.org/W1975861242","https://openalex.org/W1979137993","https://openalex.org/W1993962350","https://openalex.org/W1994526080","https://openalex.org/W2005054476","https://openalex.org/W2014459263","https://openalex.org/W2016749930","https://openalex.org/W2037745646","https://openalex.org/W2042223112","https://openalex.org/W2045588223","https://openalex.org/W2049415713","https://openalex.org/W2053294463","https://openalex.org/W2056352954","https://openalex.org/W2057041949","https://openalex.org/W2067571299","https://openalex.org/W2068432131","https://openalex.org/W2093073097","https://openalex.org/W2105465169","https://openalex.org/W2133756732","https://openalex.org/W2145825528","https://openalex.org/W2162721244","https://openalex.org/W2498692545","https://openalex.org/W2579094753","https://openalex.org/W2594748972","https://openalex.org/W2621785208","https://openalex.org/W2625372943","https://openalex.org/W2756177183","https://openalex.org/W2756404515","https://openalex.org/W2758359564","https://openalex.org/W2801816902","https://openalex.org/W2809872029","https://openalex.org/W3009303059","https://openalex.org/W3023213847","https://openalex.org/W3121137926","https://openalex.org/W3122389857","https://openalex.org/W3122651513","https://openalex.org/W3122840724","https://openalex.org/W3123758015","https://openalex.org/W3124576329","https://openalex.org/W3125408927","https://openalex.org/W4298197486"],"related_works":["https://openalex.org/W2165263141","https://openalex.org/W4250007077","https://openalex.org/W3124026440","https://openalex.org/W2015877203","https://openalex.org/W4240615594","https://openalex.org/W3124992686","https://openalex.org/W3123087267","https://openalex.org/W3121561916","https://openalex.org/W265552076","https://openalex.org/W2163164229"],"abstract_inverted_index":{"This":[0],"paper":[1],"studies":[2],"the":[3,7,17,40,53,57,61,67,80,104],"production":[4],"theory":[5],"of":[6,16,21,107],"competitive":[8],"firm":[9,30],"under":[10],"price":[11],"uncertainty":[12],"by":[13],"adopting":[14],"four":[15,62],"most":[18],"well-established":[19],"models":[20,64,77],"disappointment":[22,54,96],"aversion.":[23],"Our":[24],"results":[25],"show":[26],"that":[27],"a":[28,36,70],"disappointment-averse":[29,41,63],"will":[31,46],"generally":[32],"produce":[33],"less":[34],"than":[35],"risk-averse":[37],"firm.":[38],"Further,":[39],"firm's":[42],"optimal":[43,58,81],"output":[44],"level":[45],"surely":[47],"decrease":[48],"with":[49],"an":[50],"increase":[51],"in":[52,87],"coefficients.":[55],"Moreover,":[56],"outputs":[59],"among":[60],"are":[65,100],"not":[66],"same.":[68],"As":[69],"real":[71],"case":[72],"example,":[73,94],"we":[74],"apply":[75],"our":[76,95],"to":[78,103],"determine":[79],"building":[82],"heights":[83,106],"for":[84],"new":[85,109],"buildings":[86],"Punta":[88],"del":[89],"Este,":[90],"Uruguay.":[91],"In":[92],"this":[93],"averse":[97],"models'":[98],"predictions":[99],"very":[101],"close":[102],"observed":[105],"these":[108],"projects.":[110]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2024,"cited_by_count":5},{"year":2023,"cited_by_count":5},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":3},{"year":2020,"cited_by_count":6}],"updated_date":"2026-03-04T09:10:02.777135","created_date":"2025-10-10T00:00:00"}
