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The Allocation of Effort under Uncertainty: The Case of Risk-averse Behavior

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  • Block, M K
  • Heineke, J M
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    Article provided by University of Chicago Press in its journal Journal of Political Economy.

    Volume (Year): 81 (1973)
    Issue (Month): 2 (Part I, March-April)
    Pages: 376-85

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    Handle: RePEc:ucp:jpolec:v:81:y:1973:i:2:p:376-85

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    Cited by:
    1. Jianli Wang & Pu Gong, 2013. "Labor supply with stochastic wage rate and non-labor income uncertainty," Journal of Economics, Springer, vol. 109(1), pages 41-55, May.
    2. Bauer, Thomas & Gang, Ira, 1998. "Temporary Migrants from Egypt: How Long Do They Stay Abroad?," CEPR Discussion Papers 2003, C.E.P.R. Discussion Papers.
    3. Yaakov Kareev & Judith Avrahami, 2006. "Choosing Between Adaptive Agents: Some Unexpected Implications of Level of Scrutiny," Discussion Paper Series dp436, The Center for the Study of Rationality, Hebrew University, Jerusalem.
    4. Rizov, Marian, 2005. "Pull and push: individual farming in Hungary," Food Policy, Elsevier, vol. 30(1), pages 43-62, February.
    5. Yaniv, Gideon, 1998. "Phobic disorder, psychotherapy, and risk-taking: an economic perspective," Journal of Health Economics, Elsevier, vol. 17(2), pages 229-243, April.
    6. Dawson, P. J., 1988. "Labour on the Family Farm: a Theory under Uncertainty," Agricultural Economics: The Journal of the International Association of Agricultural Economists, International Association of Agricultural Economists, vol. 1(4), January.
    7. Christopher Barrett, 1993. "On the Price Risk and the Inverse Farm Size-Productivity Relationship," Wisconsin-Madison Agricultural and Applied Economics Staff Papers 369, Wisconsin-Madison Agricultural and Applied Economics Department.
    8. Elyès Jouini & Clotilde Napp & Diego Nocetti, 2013. "Economic Consequences of Nth-Degree Risk Increases and Nth-Degree Risk Attitudes," Post-Print halshs-00927270, HAL.
    9. CHIU, W. Henry & EECKHOUDT, Louis, . "The effects of stochastic wages and non-labor income on labor supply: update and extensions," CORE Discussion Papers RP -2208, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    10. Barrett, Christopher B., 1996. "On price risk and the inverse farm size-productivity relationship," Journal of Development Economics, Elsevier, vol. 51(2), pages 193-215, December.
    11. Carmen F. Menezes & X. Henry Wang, 2005. "Duality, income and substitution effects for the competitive firm under price uncertainty," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 26(4), pages 249-257.
    12. Ira N. Gang & Thomas Bauer, 2000. "Return Migrants From Egypt: How Long Did They Stay Abroad?," Departmental Working Papers 199811, Rutgers University, Department of Economics.
    13. Jonathan Eaton & Harvey S. Rosen, 1979. "Notes on Optimal Wage Taxation and Uncertainty," NBER Working Papers 0388, National Bureau of Economic Research, Inc.
    14. Marie-Christine Challier, 1995. "Calendrier du temps de travail et rationnements partiels," Économie et Prévision, Programme National Persée, vol. 119(3), pages 13-30.
    15. Rose, Elaina, 2001. "Ex ante and ex post labor supply response to risk in a low-income area," Journal of Development Economics, Elsevier, vol. 64(2), pages 371-388, April.
    16. Yaakov Kareev & Judith Avrahami, 2006. "Choosing Between Adaptive Agents: Some Unexpected Implications of Level of Scrutiny," Levine's Bibliography 321307000000000521, UCLA Department of Economics.
    17. Kylymnyuk, Dmytro & Wagner, Alexander K., 2012. "Commitment through risk," Economics Letters, Elsevier, vol. 116(3), pages 295-297.
    18. Francine D. Blau & Adam J. Grossberg, 1989. "Wage and Employment Uncertainty and the Labor Force Participation Decisions of Married Women," NBER Working Papers 3081, National Bureau of Economic Research, Inc.

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