Theory of the firm under multiple uncertainties
Without 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.
|Date of creation:||14 Dec 2009|
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197863, University of Maryland, Department of Agricultural and Resource Economics.
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