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Uncertainty, Production, Choice, and Agency: The State-Contingent Approach
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Uncertainty, Production, Choice, and Agency: The State-Contingent Approach Hardcover - 2000 - 1st Edition

by Robert G. Chambers; John Quiggin


From the publisher

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.

First line

This book is about state-contingent production.

Details

  • Title Uncertainty, Production, Choice, and Agency: The State-Contingent Approach
  • Author Robert G. Chambers; John Quiggin
  • Binding Hardcover
  • Edition number 1st
  • Edition 1
  • Pages 390
  • Volumes 1
  • Language ENG
  • Publisher Cambridge University Press
  • Date 2000-09-25
  • Illustrated Yes
  • Features Illustrated
  • ISBN 9780521622448 / 0521622441
  • Weight 1.4 lbs (0.64 kg)
  • Dimensions 9.2 x 6.2 x 0.9 in (23.37 x 15.75 x 2.29 cm)
  • Library of Congress subjects Consumer behavior, Production (Economic theory)
  • Library of Congress Catalog Number 99052880
  • Dewey Decimal Code 338.5
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Uncertainty, Production, Choice, and Agency: The State-Contingent Approach
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Uncertainty, Production, Choice, and Agency: The State-Contingent Approach

by Robert G. Chambers et John Quiggin

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UNCERTAINTY, PRODUCTION, CHOICE AND AGENCY - THE STATE-CONTINGENT APPROACH
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UNCERTAINTY, PRODUCTION, CHOICE AND AGENCY - THE STATE-CONTINGENT APPROACH

by CHAMBERSQUIGGIN,

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

by Robert G. Chambers/ John Quiggin

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Cambridge Univ Pr, 2000. Hardcover. New. 1st edition. 373 pages. 9.25x6.25x1.00 inches.
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Uncertainty, Production, Choice, and Agency: The State-Contingent Approach

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

by Robert G. Chambers

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New. 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.
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Uncertainty, Production, Choice, and Agency
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Uncertainty, Production, Choice, and Agency

by Robert G. Chambers

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9780521622448
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Uncertainty Production Choice And Agency (Hb 2000)
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Uncertainty Production Choice And Agency (Hb 2000)

by Chambers R G

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

by Chambers, Robert G.; Quiggin, John

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