Input Price Uncertainty and Factor Demand

A simple two-input and one-output model is used to examine the effects of variable input price uncertainty on a quasi-fixed factor. These theoretical results, applied to a livestock firm, indicate that choice of the quasi-fixed factor depends upon the attitude of the farmer toward risk and whether the inputs are complements, substitutes, or independents.

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Year of publication:	1987-06
Authors:	Devadoss, S. ; Choi, E. Kwan
Institutions:	Center for Agricultural and Rural Development (CARD), Iowa State University

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Extent:	application/pdf text/html
Series:	Center for Agricultural and Rural Development (CARD) Publications.
Type of publication:	Book / Working Paper
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005786500