Output Price Subsidies in a Stochastic World

Robert Chambers (rchambers@arec.umd.edu) and John Quiggin

No WPR04_1, Risk & Uncertainty Working Papers from Risk and Sustainable Management Group, University of Queensland

Abstract: This paper develops an analytically tractable approach to the comparative statics of output subsidies for firms, with monotonic preferences over costs and returns, that face price and production uncertainty. We derive comparative static results for input demand and output supply.

Keywords: state-contingent production; price subsides (search for similar items in EconPapers)
JEL-codes: D81 Q15 (search for similar items in EconPapers)
Date: 2004-01
New Economics Papers: this item is included in nep-agr
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http://www.uq.edu.au/rsmg/WP/WPR04_1.pdf (application/pdf)

Related works:
Journal Article: Output Price Subsidies in a Stochastic World (2005)
Working Paper: Output Price Subsidies in a Stochastic World (2004)
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