The state-contingent approach to production under uncertainty

John Quiggin and Robert Chambers ()

Australian Journal of Agricultural and Resource Economics, 2006, vol. 50, issue 2, 17

Abstract: The central claim of this paper is 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. This claim is illustrated by recent developments in, and applications of, the state-contingent approach.

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (23)

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Related works:
Journal Article: The state-contingent approach to production under uncertainty * (2006)
Working Paper: The state-contingent approach to production under uncertainty
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aareaj:116925

DOI: 10.22004/ag.econ.116925

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