Indirect certainty equivalents for the firm facing price and production uncertainty

Robert G. Chambers; John Quiggin

doi:10.1016/S0165-1765(02)00258-6

Indirect certainty equivalents for the firm facing price and production uncertainty

Robert G. Chambers^*, John Quiggin

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

2 Citations (Scopus)

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.

Original language	English
Pages (from-to)	309-316
Number of pages	8
Journal	Economics Letters
Volume	78
Issue number	3
DOIs	https://doi.org/10.1016/S0165-1765(02)00258-6
Publication status	Published - 1 Mar 2003

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title = "Indirect certainty equivalents for the firm facing price and production uncertainty",

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.",

keywords = "Duality, Production, Uncertainty",

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KW - Uncertainty

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DO - 10.1016/S0165-1765(02)00258-6

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JO - Economics Letters

JF - Economics Letters

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Indirect certainty equivalents for the firm facing price and production uncertainty

Abstract

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