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Input Substitution and Pollution Control under Uncertainty and Firm Heterogeneity

โœ Scribed by Junjie Wu


Book ID
108512698
Publisher
John Wiley and Sons
Year
2000
Tongue
English
Weight
147 KB
Volume
2
Category
Article
ISSN
1097-3923

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Duality, income and substitution effects
โœ Carmen F. Menezes; X. Henry Wang ๐Ÿ“‚ Article ๐Ÿ“… 2005 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 172 KB

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