This paper examines the optimal production, export allocation and hedging decisions of a risk-averse international firm … decisions are analyzed under two scenarios. In the first, there is a forward market for one currency only. Then, the export … each currency. Then, both production and export allocation are separable. Hedging with forward contracts depends on risk …

This paper examines the production, export and risk management decisions of a risk-averse competitive firm under … exchange rate risk. The firm is export flexible in allocating its output to either the domestic market or a foreign market … after observing the exchange rate. Export flexibility is restricted by certain minimum sales requirements that are due to …

This paper examines the optimal production, export allocation and hedging decisions of a risk-averse international firm … decisions are analyzed under two scenarios. In the first, there is a forward market for one currency only. Then, the export … each currency. Then, both production and export allocation are separable. Hedging with forward contracts depends on risk …

This paper examines the production, export and risk management decisions of a risk-averse competitive firm under … exchange rate risk. The firm is export flexible in allocating its output to either the domestic market or a foreign market … after observing the exchange rate. Export flexibility is restricted by certain minimum sales requirements that are due to …