Isbn: 9780521622448 - uncertainty, production, choice, and agency: the state-contingent approach (5 Ergebnisse)

hardcover. Zustand: Very Good. The copy shows minor external wear, but is in otherwise good condition.

Zustand: New. In English.

Zustand: New. This book presents a justification of the state-contingent approach to the economics of uncertainty. Num Pages: 390 pages, 69 b/w illus. BIC Classification: KCA. Category: (P) Professional & Vocational. Dimension: 253 x 177 x 25. Weight in Grams: 661. . 2000. Illustrated. hardcover. . . . . Books ship from the US and Ireland. …

Hardcover. Zustand: Brand New. 1st edition. 373 pages. 9.25x6.25x1.00 inches. In Stock.

Buch. Zustand: 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. These insights open the way for developments in the basic theory of production under uncertainty, the theory of hedging behavior, the analysis of agency problems and the theory of production insurance.…