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    Please use this identifier to cite or link to this item: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/23807


    Title: Agroindustry location under output price uncertainty
    Authors: 許松根;Hsu, Song-ken;譚令蒂;Tan, Lin-ti
    Contributors: 淡江大學產業經濟學系
    Date: 1999-08
    Issue Date: 2009-11-30 17:54:28 (UTC+8)
    Publisher: Springer
    Abstract: Although the location theory of industry has received much attention in the literature, Hsu (1997) has demonstrated that the theory developed to date is not applicable to an agroindustry, that is, the industry of processing the agricultural product. Recognizing that the complete analysis of Hsu (1997) has been conducted in a deterministic world, and that in an economy subject to spatial friction, market information about prices is often incomplete and costly, the firm, accordingly, faces many types of uncertainty in making its location decision. This paper attempts to develop systematically the theory of plant location for an agroindustrial firm under output price uncertainty. Our analysis shows that the presence of output price uncertainty has significant influence on an agroindustrial firm‘s location decision. Most pointedly, a risk-averse agroindustrial firm‘s choice of production location under output price uncertainty always differs from the one under certainty. It also demonstrates that in many respects, the implication of output price uncertainty for an agroindustrial firm is in sharp contrast to its non-agroindustrial counterpart.
    Relation: Annals of Regional Science 33(3), pp.289-303
    DOI: 10.1007/s001680050106
    Appears in Collections:[產業經濟學系暨研究所] 期刊論文

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