Theory of the firm under multiple uncertainties
AbstractWithout imposing restrictions on the utility function and the probability distributions, we show the impact of multiple uncertainty (and each single uncertainty) and change in risk aversion on each input demand. In so doing, we emphasize the importance of the relationship between the inputs in this impact. Moreover, the paper provides technical contributions.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 19320.
Date of creation: 14 Dec 2009
Date of revision:
firm; uncertainty; risk; production;
Find related papers by JEL classification:
- D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
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