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A note on demand functions with uncertainty

✍ Scribed by Harish Krishnan

Publisher
Elsevier Science
Year
2010
Tongue
English
Weight
294 KB
Volume
38
Category
Article
ISSN
0167-6377

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A note on demand functions with uncertai
A note on demand functions with uncertainty
✍ Harish Krishnan πŸ“‚ Article πŸ“… 2010 πŸ› Elsevier Science 🌐 English βš– 294 KB

Demand functions with ''additive'' and ''multiplicative'' uncertainty can fail to satisfy the ''Slutsky symmetry'' conditions required for demand to be based on utility maximization. This makes welfare analysis infeasible, which is important in many applications. Additive uncertainty can also genera

A note on output hedging with cost uncer
A note on output hedging with cost uncertainty
✍ Moawia Alghalith πŸ“‚ Article πŸ“… 2006 πŸ› John Wiley and Sons 🌐 English βš– 94 KB

## Abstract Using a general framework and a multiple‐input technology, we thoroughly investigate the hedging and production decisions under cost uncertainty. In doing so, we show the impact of the cost risk on the optimal output, hedge and hedge ratio. Copyright Β© 2006 John Wiley & Sons, Ltd.