Indirect certainty equivalents for the firm facing price and production uncertainty
Date
Authors
Chambers, Robert G
Quiggin, John
Journal Title
Journal ISSN
Volume Title
Publisher
Elsevier
Abstract
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.
Description
Citation
Collections
Source
Economics Letters