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Allocation under uncertainty: A survey

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  • GUESNERIE, Roger
  • DE MONTBRIAL, Thierry

Abstract

An extension of the theory of allocation of resources to the case of uncertainty has been realised recently. After the pioneering article of Arrow [2], who with Allais [1] initiated this analysis, the field was explored by Baudier [4], and Debreu [7, 8] whose results have been somewhat generalised by Radner [14]. One can find stimulating discussions about the implications of the theory in Arrow [3], applications in Borch [5] and Hirshleifer [11], or critical comments on various aspects in Drèze [6].
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Suggested Citation

  • GUESNERIE, Roger & DE MONTBRIAL, Thierry, 1974. "Allocation under uncertainty: A survey," LIDAM Reprints CORE 195, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  • Handle: RePEc:cor:louvrp:195
    Note: In : J.H. Drèze (ed.), Allocation under Uncertainty: Equilibrium and Optimality. McMillan, 53-70, 1974
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    Cited by:

    1. Jan Serck-Hanssen, 1981. "On the optimal capital : labour ratios in towns when demands for outputs are stochastic," Working Papers hal-01542363, HAL.
    2. Catherine Rouzaud, 1983. "Anticipations rationnelles et information révélée par les prix : une introduction," Revue Économique, Programme National Persée, vol. 34(6), pages 1116-1144.
    3. DREZE , Jacques H. & RUSTICHINI, Aldo, 2000. "State-dependent utility and decision theory," LIDAM Discussion Papers CORE 2000007, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).

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