Work

Cost Functions and Duality for Stochastic Technologies

Year: 1998

Type: article

Abstract: 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.

Source: American Journal of Agricultural Economics

DOI: 10.2307/1244501

Authors: Robert G. Chambers, John Quiggin

Institution: James Cook University

Language: English

Topic: Agricultural economics and policies

Subfield: Safety Research

Field: Social Sciences

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W2065425153

FWCI: 12.38

Cites: 1

Cited by: 60

Related to: 10