| Uncertainty, Production, Choice, and Agency Contributor(s): Chambers, Robert G. (Author), Quiggin, John (Author) |
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ISBN: 0521622441 ISBN-13: 9780521622448 Publisher: Cambridge University Press OUR PRICE: $90.25 Product Type: Hardcover Published: September 2000 Annotation: 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. |
| Additional Information |
| BISAC Categories: - Business & Economics | Economics - Microeconomics - Business & Economics | Economics - General - Business & Economics | Economic History |
| Dewey: 338.5 |
| LCCN: 99052880 |
| Physical Information: 0.9" H x 6.2" W x 9.2" (1.40 lbs) 390 pages |