Cost Functions and Duality for Stochastic Technologies
Robert Chambers () and
John Quiggin ()
American Journal of Agricultural Economics, 1998, vol. 80, issue 2, 288-295
Cost functions dual to stochastic production technologies are derived and their properties are discussed. These cost functions are shown to be consistent with expected-utility maximization without placing serious structural restrictions on the underlying technology. Copyright 1998, Oxford University Press.
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Working Paper: Cost Functions and Duality for Stochastic Technologies (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:80:y:1998:i:2:p:288-295
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