Data/hora: 09/06/2024 05:42:21

Provedor de dados: 	31	
País: 	United States	
Título: 	SEPARABILITY OF STOCHASTIC PRODUCTION DECISIONS FROM PRODUCER RISK PREFERENCES IN THE PRESENCE OF FINANCIAL MARKETS	
Autores: 	Chambers,   Robert G.; Quiggin,   John C.	
Data: 	2002-11-19	
Ano: 	2002	
Palavras-chave: 	Financial Economics; Production Economics; Risk and Uncertainty.	
Resumo: 	This paper presents a unified treatment of the production and financial decisions available to a firm facing frictionless financial markets and a stochastic production technology under minimal assumptions on the firm's stochastic technology and objective function. The specific focus is on separation results for stochastic technologies, that is, on conditions under which the optimal production decision may be determined without regard to the risk preferences of the firm's owners. Necessary and sufficient conditions for separation, which generalize existing results, are presented.	
Tipo: 	Working or Discussion Paper	
Idioma: 	Inglês	
Identificador: 	6495

http://purl.umn.edu/28561	
Editor: 	AgEcon Search	
Relação: 	University of Maryland&gt;Department of Agricultural and Resource Economics&gt;Working Papers

Working Paper WP 02-19	
Formato: 	22

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