Input demand with cost uncertainty

We simultaneously extend the models developed by Stewart, Paroush & Wolf, and Viaene & Zilcha. That is, allowing output to adjust and using a general utility, general distributions and a two-variable-input production function, we show the impact of the cost risk and increasing risk aversion on each input demand, output, input productivity (marginal and average), and the inputs ratio.

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Year of publication:	2005
Authors:	Alghalith, Moawia
Published in:	International Economic Journal. - Taylor & Francis Journals, ISSN 1016-8737. - Vol. 19.2005, 1, p. 115-123
Publisher:	Taylor & Francis Journals
Subject:	Cost uncertainty \| input price uncertainty \| risk aversion \| utility

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005283154