Cost functions and duality for stochastic technologies
| Data(s) |
01/01/1998
|
|---|---|
| Resumo |
Cost functions dual to stochastic production technologies are derived and their properties are discussed. These cost functions are shown to be consistent with expected-utility maximization without placing serious structural restrictions on the underlying technology. |
| Identificador | |
| Idioma(s) |
eng |
| Palavras-Chave | #Agricultural Economics & Policy #Economics #Cost #Duality #Stochastic Production |
| Tipo |
Journal Article |