Uncertainty, Production, Choice, and Agency: The State-Contingent Approach Tapa dura - 2000 - 1st Edición

Cambridge University Press, 2000. Hardcover. Good. Former library book. Slight signs of wear on the cover. Different cover. Edition 2000. Ammareal gives back up to 15% of this item's net price to charity organizations.

Cambridge University, 2000. N/A. Unknown Binding. New/New.

Cambridge Univ Pr, 2000. Hardcover. New. 1st edition. 373 pages. 9.25x6.25x1.00 inches.

New. 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. These insights open the way for developments in the basic theory of production under uncertainty, the theory of hedging behavior, the analysis of agency problems and the theory of production insurance.

Hard Cover. New. New Book; Fast Shipping from UK; Not signed; Not First Edition; The Uncertainty, Production, Choice, and Agency.

Very Good.

Cambridge University Press CUP , pp. 384 . Hardback. Used.

Cambridge University Press. hardcover. New. 6x1x9. Brand New Book in Publishers original Sealing