Production under uncertainty: a simulation study
نویسندگان
چکیده
منابع مشابه
Production Under Uncertainty: A Simulation Study
In this article we model production technology in a state-contingent framework. Our model analyzes production under uncertainty without being explicit about the nature of producer risk preferences. In our model producers’ risk preferences are captured by the risk-neutral probabilities they assign to the different states of nature. Using a state-general state-contingent specification of technolo...
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ژورنال
عنوان ژورنال: Journal of Productivity Analysis
سال: 2012
ISSN: 0895-562X,1573-0441
DOI: 10.1007/s11123-012-0281-3