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Indirect certainty equivalents for the firm facing price and production uncertainty

Chambers, Robert G; Quiggin, John


Producer decisionmaking under uncertainty is characterized using indirect objective functions. The characterization is for the class of producers with continuous and nondecreasing preferences over stochastic incomes who face both price and production uncertainty.

CollectionsANU Research Publications
Date published: 2003
Type: Journal article
Source: Economics Letters
DOI: 10.1016/S0165-1765(02)00258-6


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