Theory of the firm under multiple uncertainties

Moawia, Alghalith (2009): Theory of the firm under multiple uncertainties.

Abstract

Without imposing restrictions on the utility function and the probability distributions, we show the impact of multiple uncertainty (and each single uncertainty) and change in risk aversion on each input demand. In so doing, we emphasize the importance of the relationship between the inputs in this impact. Moreover, the paper provides technical contributions.

• Item Type: MPRA Paper
• Language: English
• Keywords: firm, uncertainty, risk, production
• Subjects: D - Microeconomics > D2 - Production and Organizations > D21 - Firm Behavior: Theory; D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D81 - Criteria for Decision-Making under Risk and Uncertainty

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