Input demand with cost uncertainty

Moawia Alghalith

International Economic Journal, 2005, vol. 19, issue 1, 115-123

Abstract: We simultaneously extend the models developed by Stewart, Paroush & Wolf, and Viaene & Zilcha. That is, allowing output to adjust and using a general utility, general distributions and a two-variable-input production function, we show the impact of the cost risk and increasing risk aversion on each input demand, output, input productivity (marginal and average), and the inputs ratio.

Keywords: Cost uncertainty; input price uncertainty; risk aversion; utility (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (3)

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DOI: 10.1080/1351161042000320425

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