Skip navigation
Skip navigation

Decomposing input adjustments under price and production uncertainty

Chambers, Robert G; Quiggin, John


A decomposition of input adjustments for stochastic technologies is developed and applied to the case of actuarially fair production insurance. The decomposition consists of a pure-risk effect and an expansion effect which are analogous to the Hicks-Allen decomposition familiar from consumer theory.

CollectionsANU Research Publications
Date published: 2001
Type: Journal article
Source: American Journal of Agricultural Economics


File Description SizeFormat Image
01_Chambers_Decomposing_input_adjustments_2001.pdf163.04 kBAdobe PDF    Request a copy

Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.

Updated:  23 August 2018/ Responsible Officer:  University Librarian/ Page Contact:  Library Systems & Web Coordinator