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Hardcover The Theory of Price Uncertainty, Production, and Profit Book
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ISBN: 0691041911

ISBN13: 9780691041919

The Theory of Price Uncertainty, Production, and Profit

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Format: Hardcover

Condition: Very Good*

*Best Available: (ex-library, missing dust jacket)

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Book Overview

Firms and farmers, under pure competition, must make production decisions in the face of price uncertainty. The author has integrated diverse theories of behavior under uncertainty to provide a new framework for his mathematical analysis of the impact of price uncertainty on the behavior of the firm. Drawing upon the work of Knight, Hicks, von Neumann, and Morgenstern, he develops a schema that accounts for a greater diversity of behavior than do...

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Business Business & Investing

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