Author: Raveendra N. BatraPublisher:
ISBN:
Category :
Languages : en
Pages : 46
Book Description
Competitive Firm and the Theory of Input Demand Under Price Uncertainty
Author: Raveendra N. BatraThe Theory of Price Uncertainty, Production, and Profit
Author: Clement Allan TisdellPublisher: Princeton University Press
ISBN: 1400876338
Category : Business & Economics
Languages : en
Pages : 208
Book Description
Firms and farmers, under pure competition, must make production decisions in the face of price uncertainty. The author has integrated diverse theories of behavior under uncertainty to provide a new framework for his mathematical analysis of the impact of price uncertainty on the behavior of the firm. Drawing upon the work of Knight, Hicks, von Neumann, and Morgenstern, he develops a schema that accounts for a greater diversity of behavior than do existing theories, yet one which yields simple economic theorems of practical value. The conclusions he draws apply to both socialist and capitalist economics. Originally published in 1968. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Theory of the firm under input price uncertainty
Author: Richard George FloodThe Impact of Price Uncertainty
Author: Don CoesPublisher: Taylor & Francis
ISBN: 1351798871
Category : Business & Economics
Languages : en
Pages : 285
Book Description
Originally published in 1979. This book addresses three questions regarding uncertainty in economic life: how do we define uncertainty and use the concept meaningfully to provide conclusions; how can the level of uncertainty associated with a particular variable of economic interest be measured; and does experience provide any support for the view that uncertainty really matters. It develops a theory of the effect of price uncertainty on production and trade, takes a graphical approach to look at effects of a mean preserving spread to create rules for ordering distributions, and finishes with an econometric analysis of the effects of Brazil’s adoption of a crawling peg in reducing real exchange rate uncertainty. This is an important early study into the significance of uncertainty.
On the theory of the competitive firm under price uncertainty
Author: Agnar SandmoPrice Uncertainty, the Competitive Firm and the Dual Theory of Choice Under Risk
Author: Fanny DemersPublisher:
ISBN:
Category : Competition
Languages : en
Pages : 31
Book Description
A Note on the Theory of the Competitive Firm Under Price Uncertainty
Author: Moawia AlghalithPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
We generalize the results of Sandmo (1971) and Ishii (1977). In doing so, we relax the assumption of non-increasing absolute risk aversion.
The Competitive Firm's Response to Risk
Author: Lindon J. RobisonPublisher: MacMillan Publishing Company
ISBN:
Category : Business & Economics
Languages : en
Pages : 344
Book Description
The Theory of the Firm Under Input Price Uncertainty
Author: Richard George FloodPublisher:
ISBN:
Category : Business enterprises
Languages : en
Pages : 107
Book Description
New Economics of Risk and Uncertainty
Author: Moawia AlghalithPublisher: Nova Publishers
ISBN: 9781600217456
Category : Business & Economics
Languages : en
Pages : 128
Book Description
Presents an alternative theoretical framework that can serve as the basis for a new age of economic analysis under risk and uncertainty. This work features an endogenous theory that overcomes the major shortcomings of both the expected utility and the rank-dependent models while it possesses the merits of both.