Uncertainty, Production, Choice, and Agency: The State-Contingent Approach - Hardcover
This book demonstrates 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. The authors demonstrate that dual methods apply under uncertainty and that the dual representations can be developed for stochastic technologies. Moreover, proper exploitation of the properties of alternative primal and dual representations of preferences allows analysts to generalize and extend the results of the existing literature on preferences under uncertainty, thus making expected-utility theory largely superfluous for many decisions.
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'... tremendous scope of achievement in this signal contribution to the literature ... I would be remiss in doing other than recommend that Journal readers join me in treasuring this book in their library.' The Australian Journal of Agricultural and Resource Economics
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- PublisherCambridge University Press
- Publication date2000
- ISBN 10 0521622441
- ISBN 13 9780521622448
- BindingHardcover
- Edition number1
- Number of pages390
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Uncertainty, Production, Choice, and Agency: The State-Contingent Approach
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Uncertainty, Production, Choice, and Agency: The State-Contingent Approach by Chambers, Robert G., Quiggin, John [Hardcover ]
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Book Description Gebunden. Condition: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Demonstrates that the state-contingent approach provides the best way to consider all problems in the economics of uncertainty, including consumer choice, the theory of the firm, and principal agent relationships. The authors show that dual methods apply un. Seller Inventory # 446942697
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Uncertainty, Production, Choice, and Agency
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Uncertainty, Production, Choice, and Agency
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Book Description Buch. Condition: Neu. Druck auf Anfrage Neuware - Printed after ordering - This book demonstrates 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. The authors demonstrate that dual methods apply under uncertainty and that the dual representations can be developed for stochastic technologies. Moreover, proper exploitation of the properties of alternative primal and dual representations of preferences allows analysts to generalize and extend the results of the existing literature on preferences under uncertainty, thus making expected-utility theory largely superfluous for many decisions. Seller Inventory # 9780521622448
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