| Registro completo |
| Provedor de dados: |
31
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| País: |
United States
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| Título: |
SEPARABILITY OF STOCHASTIC PRODUCTION DECISIONS FROM PRODUCER RISK PREFERENCES IN THE PRESENCE OF FINANCIAL MARKETS
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| Autores: |
Chambers, Robert G.
Quiggin, John C.
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| Data: |
2002-11-19
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| Ano: |
2002
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| Palavras-chave: |
Financial Economics
Production Economics
Risk and Uncertainty
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| 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.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
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| Identificador: |
6495
http://purl.umn.edu/28561
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| Editor: |
AgEcon Search
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| Relação: |
University of Maryland>Department of Agricultural and Resource Economics>Working Papers
Working Paper WP 02-19
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| Formato: |
22
application/pdf
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