|
|
|
|
Title: |
Input demand with cost uncertainty |
| Author: |
Alghalith, Moawia |
| Author
Affiliation: |
University of St Andrews, Fife, UK |
| Source: |
International Economic Journal, March 2005, v. 19, no. 1, pp. 115-123 |
|
Publication Date: |
March 2005 |
|
Abstract: |
We simultaneously extend the models developed by Stewart, Paroush & Wolf, and Viaene & Zilcha. That is, allowing output to adjust and using a general utility, general distributions and a two-variable-input production function, we show the impact of the cost risk and increasing risk aversion on each input demand, output, input productivity (marginal and average), and the inputs ratio. |
|
