Estimation Of Moments And Production Decisions Under Uncertainty

Elie Appelbaum and Aman Ullah

The Review of Economics and Statistics, 1997, vol. 79, issue 4, pages 631-637

Abstract: The purpose of this paper is to examine production decisions under output price uncertainty. Using a nonparametric estimation technique to estimate the first four moments of the unknown price distribution and applying duality, we provide a simple empirical framework for the analysis of supply and demand decisions under price uncertainty. The model is used to examine the importance of higher moments in the firm's production decisions and to investigate underlying attitudes toward risk. © 2000 by the President and Fellows of Harvard College and the Massachusetts Institute of Technolog

Date: 1997
View citations in EconPapers

Downloads: (external link)
http://www.catchword.com/cgi-bin/cgi?ini=bc&body=l ... 9971101)79:4L.631;1- (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Ordering information: This journal article can be ordered from
http://mitpress.mit. ... me.tcl?issn=00346535

Access Statistics for this article

The Review of Economics and Statistics is edited by Daron Acemoglu, George J. Borjas, Dani Rodrik and Julio J. Rotemberg

More articles in The Review of Economics and Statistics from MIT Press
Series data maintained by Christopher F. Baum ().