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The state-contingent approach to production and uncertainty

Year: 2005

Type: preprint

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.

Source: RePEc: Research Papers in Economics

DOI: 10.22004/ag.econ.151168

Authors: Quiggin, John, Chambers, Robert G.

Language: English

Topic: Decision-Making and Behavioral Economics

Subfield: General Decision Sciences

Field: Decision Sciences

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W3125951708

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