ON THE COMPETITIVE FIRM UNDER PRODUCTION UNCERTAINTY

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dc.creatorPope, Rulon D.
dc.creatorJust, Richard E.
dc.date2017-04-01T13:49:30Z
dc.date.accessioned2026-07-09T03:39:56Z
dc.descriptionRisky production functions which are commonly in use are shown to be very restrictive. In particular, such functions cannot describe technologies where inputs marginally reduce risk. A simple production function which avoids these restrictions is posited and alternative estimation procedures are discussed. Both maximum likelihood and multistage estimators are discussed.
dc.identifierdoi:10.22004/ag.econ.22481
dc.identifierhttps://ageconsearch.umn.edu/record/22481/files/21020111.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/22481
dc.identifier.urihttp://hdl.handle.net/123456789/537831
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/22481
dc.titleON THE COMPETITIVE FIRM UNDER PRODUCTION UNCERTAINTY
dc.typeText

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