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Estimation Of Moments And Production Decisions Under Uncertainty Author info | Abstract | Publisher info | Download info | Related research | Statistics Elie Appelbaum
Aman Ullah
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The purpose of this paper is to examine production decisions under output price uncertainty. Using a nonparametric estimation technique to estimate the first four moments of the unknown price distribution and applying duality, we provide a simple empirical framework for the analysis of supply and demand decisions under price uncertainty. The model is used to examine the importance of higher moments in the firm's production decisions and to investigate underlying attitudes toward risk. © 2000 by the President and Fellows of Harvard College and the Massachusetts Institute of Technolog
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Article provided by MIT Press in its journal The Review of Economics and Statistics .
Volume (Year): 79 (1997)
Issue (Month): 4 (November)
Pages: 631-637
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Handle: RePEc:tpr:restat:v:79:y:1997:i:4:p:631-637Contact details of provider: Web page: http://mitpress.mit.edu/journals/
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