Uncertainty, Production, Choice, and Agency: The State-Contingent Approach

by John Quiggin and Robert G. Chambers

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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...

Format:Hardcover

Language:English

ISBN:0521622441

ISBN13:9780521622448

Release Date:September 2000

Publisher:Cambridge University Press

Length:390 Pages

Weight:1.40 lbs.

Dimensions:0.9" x 6.2" x 9.2"

Related Subjects

Business Business & Investing Economic History Economic Theory Economics Microeconomics Popular Economics Theory

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Uncertainty, Production, Choice, and Agency: The State-Contingent Approach

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