Cost functions and duality for stochastic technologies

被引：33

作者：

Chambers, RG ^{[1
]}

Quiggin, J

机构：

[1] Univ Maryland, Dept Agr & Resource Econ, College Pk, MD 20742 USA

[2] James Cook Univ N Queensland, Dept Econ, Townsville, Qld, Australia

来源：

AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS | 1998年 / 80卷 / 02期

关键词：

cost; duality; stochastic production;

D O I：

10.2307/1244501

中图分类号：

F3 [农业经济];

学科分类号：

0202 ; 020205 ; 1203 ;

摘要：

Cost functions dual to stochastic production technologies are derived and their properties are discussed. These cost functions are shown to be consistent with expected-utility maximization without placing serious structural restrictions on the underlying technology.

引用

页码：288 / 295

页数：8

共 16 条

[11] FURTHER TOWARD A THEORY OF AGRICULTURAL INSURANCE
NELSON, CH
LOEHMAN, ET
[J]. AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS, 1987, 69 (03) : 523 - 531
[12] COST-FUNCTIONS UNDER PRODUCTION UNCERTAINTY
POPE, RD
CHAVAS, JP
[J]. AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS, 1994, 76 (02) : 196 - 204
[13] Quiggin J, 1993, Generalized Expected Utility Theory: The Rank Dependent Model
[14] Rockafellar R. T., 1970, Convex Analysis, V28
[15] Shephard R.W., 1953, COST PRODUCTION FUNC
[16] Shephard R. W., 1970, Theory of cost and production functions

← 1 2 →