Production location under technology uncertainty
In this paper we examine the implications of technology uncertainty for production location in a general setting, in which the location and production decisions are determined <i>ex ante</i> and a general specification of technology uncertainty is adopted. In addition, to examine the endpoint optimality issue, we also provide comparative static results which are novel in the literature. Moreover, the exhaustion of information contained in the second-order optimal conditions in deriving the conditions for endpoint optimality differentiates our analysis from previous works.
Year of publication: |
2000
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Authors: | Tan, Lin-Ti ; Hsu, Song-Ken |
Published in: |
Environment and Planning A. - Pion Ltd, London, ISSN 1472-3409. - Vol. 32.2000, 3, p. 445-454
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Publisher: |
Pion Ltd, London |
Saved in:
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