Cost functions and duality for stochastic technologies


Autoria(s): Chambers, RG; Quiggin, J
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

http://espace.library.uq.edu.au/view/UQ:35021

Idioma(s)

eng

Palavras-Chave #Agricultural Economics & Policy #Economics #Cost #Duality #Stochastic Production
Tipo

Journal Article