The Theory of Price Uncertainty, Production, and Profit

The Theory of Price Uncertainty, Production, and Profit by Clement Allan Tisdell


ISBN
9780691622224
Published
Binding
Paperback
Pages
208
Dimensions
152 x 235mm

Firms and farmers, under pure competition, must make production decisions in the face of price uncertainty. The author has integrated diverse theories of behavior under uncertainty to provide a new framework for his mathematical analysis of the impact of price uncertainty on the behavior of the firm. Drawing upon the work of Knight, Hicks, von Neum
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