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Books > Business & Economics > Economics > Economic theory & philosophy

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Uncertainty, Production, Choice, and Agency - The State-Contingent Approach (Paperback) Loot Price: R1,493

Discovery Miles 14 930

Repayment Terms: R140 pm x 12*

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Uncertainty, Production, Choice, and Agency - The State-Contingent Approach (Paperback)

Robert G. Chambers, John Quiggin

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Loot Price R1,493 Discovery Miles 14 930 | Repayment Terms: R140 pm x 12*

Expected to ship within 12 - 19 working days

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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.

General

Imprint:	Cambridge UniversityPress
Country of origin:	United Kingdom
Release date:	September 2000
First published:	2000
Authors:	Robert G. Chambers • John Quiggin
Dimensions:	228 x 151 x 20mm (L x W x T)
Format:	Paperback - Trade
Pages:	373
ISBN-13:	978-0-521-78523-5
Categories:	Books > Business & Economics > Economics > Economic theory & philosophy Promotions
LSN:	0-521-78523-5
Barcode:	9780521785235