The Allocation of Resources Under Uncertainty

We study the effects of uncertainty on the allocation of resources in the standard, static, general equilibrium, two-sector, two-factor model. The elasticity of substitution in production vs that in consumption plays a key role in determining whether uncertainty attracts or repels resources. Risk aversion matters, but to a smaller extent, while factor endowments and factor intensities play a more limited role

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Year of publication:	[2006]
Authors:	Dellas, Harris
Other Persons:	Fernandes, Ana (contributor)
Publisher:	[2006]: [S.l.] : SSRN
Subject:	Theorie \| Theory \| Risiko \| Risk \| Allokation \| Allocation \| Allokationseffizienz \| Allocative efficiency

Extent:	1 Online-Ressource (12 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 2006 erstellt
Other identifiers:	10.2139/ssrn.952688 [DOI]
Classification:	E2 - Consumption, Saving, Production, Employment, and Investment ; D5 - General Equilibrium and Disequilibrium ; D8 - Information and Uncertainty
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012732440