The state-contingent approach to production and uncertainty

The central claim of this paper is that the state-contingent approach provides the best way to think about all problems in the economics of uncertainty, including problems of consumer choice, the theory of the firm, and principal–agent relationships. This claim is illustrated by recent developments in, and applications of, the state-contingent approach.

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Year of publication:	2005-01-27
Authors:	Quiggin, John ; Chambers, Robert G
Institutions:	School of Economics, University of Queensland
Subject:	risk \| state-contingent production \| uncertainty \| Risk and Uncertainty

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Extent:	application/pdf
Series:	Risk and Sustainable Management Group Working Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series School of Economics>Risk and Sustainable Management Group Working Papers Number 151168
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010910999