โ Scribed by Adi Ben-Israel; Aharon Ben-Tal
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
This paper uses duality theory to decompose the total effect on the competitive firm's output of an increase in the riskiness of output price into income and substitution effects. Properties of preferences that control the sign of each effect are identified. The analysis extends to the general class
It 1s possible to think of numerous economic problems involving dynamic constralned optimization where dual representations exist and possibly can be characterized. One example arises in the theory of dynamic factor demand and, more generally, investment declslons. Its duality structure has been stu
15 Environment (pollution, health protection, safety) unrealistically large increase in fuel taxes, no single policy appears likely to be capable of achieving the target reductions by 2010, although certain combinations of policies may be able to achieve the targets. However, if the time frame is ex