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Comparative statics for state-contingent technologies

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  • Chambers, Robert G.
  • Quiggin, John

Abstract

The implications of supermodularity for comparative-static analysis in a generalized version of the separable-effort representation of a firm facing stochastic prices and a stochastic technology are. Previous analysis is generalized in two ways. General risk-averse, as opposed to expected-utility, preferences are considered. The stochastic technology is represented by an Arrow-Debreu state-space representation. It is shown that results familiar from the theory of the price taking firm in the absence of risk generalize to the uncertain case.

Suggested Citation

  • Chambers, Robert G. & Quiggin, John, "undated". "Comparative statics for state-contingent technologies," Risk and Sustainable Management Group Working Papers 150351, University of Queensland, School of Economics.
    • Handle: RePEc:ags:uqsers:150351
    DOI: 10.22004/ag.econ.150351
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    Cited by:

    1. is not listed on IDEAS
    2. Susan Athey, 2002. "Monotone Comparative Statics under Uncertainty," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 117(1), pages 187-223.

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    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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