Faktorallokation bei Produktionsungewißheit

In the present article the behavior of a competitive firm facing production uncertainty is examined. The theory of input demand under uncertainty is vere different from the traditional analysis assuming the case of certainty. The influence of differences in the properties of the utility function and...

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Bibliographic Details
Published in:Jahrbuch für Sozialwissenschaft 1975-01, Vol.26 (2), p.154-168
Main Author: Milde, Hellmuth
Format: Article
Language:ger
Online Access:Get full text
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Summary:In the present article the behavior of a competitive firm facing production uncertainty is examined. The theory of input demand under uncertainty is vere different from the traditional analysis assuming the case of certainty. The influence of differences in the properties of the utility function and the production function is shown. Furthermore, the volume of fixed costs is no longer irrelevant for the optimal input demand.
ISSN:0075-2770