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Output Price Subsidies in a Stochastic World

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Author Info
Robert G. Chambers () (Dept of Agricultural and Resource Economics, University of Maryland, College Park)
John Quiggin () (Department of Economics, University of Queensland)

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Abstract

This paper develops an analytically tractable approach to the comparative statics of output subsidies for firms, with monotonic preferences over costs and returns, that face price and production uncertainty. We derive comparative static results for input demand and output supply.

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File URL: http://www.uq.edu.au/rsmg/WP/WPR04_1.pdf
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Publisher Info
Paper provided by Risk and Sustainable Management Group, University of Queensland in its series Risk & Uncertainty Working Papers with number WPR04_1.

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Date of creation: Jan 2004
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Handle: RePEc:rsm:riskun:r04_1

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Postal: Colin Clark Building, no 39, St. Lucia, Qld. 4072
Phone: +61 7 3365 6601
Fax: +61 7 3365 6601
Web page: http://www.uq.edu.au/economics/rsmg/index.htm
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Related research
Keywords: state-contingent production price subsides

Other versions of this item:

Find related papers by JEL classification:
D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation

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