State-Contingent Outcome and Preferences

Svend Rasmussen ()
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Svend Rasmussen: University of Copenhagen

Chapter Chapter 4 in Optimisation of Production Under Uncertainty, 2011, pp 19-23 from Springer

Abstract: Abstract This chapter explains what is meant by the state-contingent approach and state-contingent goods, and it introduces the indifference curves as important tool for graphical analysis.

Keywords: State-contingent goods; Indifference curves; Convex preferences; Attributes; Expectation (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spbchp:978-3-642-21686-2_4

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DOI: 10.1007/978-3-642-21686-2_4

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