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An extension of the multi-output state-contingent production model

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  • Walter Briec
  • Laurent Cavaignac

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  • Walter Briec & Laurent Cavaignac, 2009. "An extension of the multi-output state-contingent production model," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 39(1), pages 43-64, April.
    • Handle: RePEc:spr:joecth:v:39:y:2009:i:1:p:43-64
    DOI: 10.1007/s00199-007-0308-6
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    References listed on IDEAS

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    1. Rolf Fare & Daniel Primont, 2006. "Directional duality theory Directional duality theory," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 29(1), pages 239-247, September.
    2. Peleg, Bezalel, 1975. "Efficient random variables," Journal of Mathematical Economics, Elsevier, vol. 2(2), pages 243-252.
    3. Walter Briec & Kristiaan Kerstens, 2004. "A Luenberger-Hicks-Moorsteen productivity indicator: its relation to the Hicks-Moorsteen productivity index and the Luenberger productivity indicator," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 23(4), pages 925-939, May.
    4. Chambers,Robert G. & Quiggin,John, 2000. "Uncertainty, Production, Choice, and Agency," Cambridge Books, Cambridge University Press, number 9780521785235, November.
    5. P.O. Lindberg & E. Anders Eriksson & Lars-Göran Mattsson, 2002. "Homothetic functions revisited," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 19(2), pages 417-427.
    6. R. G. Chambers & Y. Chung & R. Färe, 1998. "Profit, Directional Distance Functions, and Nerlovian Efficiency," Journal of Optimization Theory and Applications, Springer, vol. 98(2), pages 351-364, August.
    7. Robert G. Chambers, 2002. "Exact nonradial input, output, and productivity measurement," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 20(4), pages 751-765.
    8. Luenberger, David G., 1992. "Benefit functions and duality," Journal of Mathematical Economics, Elsevier, vol. 21(5), pages 461-481.
    9. Robert Chambers & Rolf Färe & John Quiggin, 2004. "Jointly radial and translation homothetic preferences: generalized constant risk aversion," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 23(3), pages 689-699, March.
    10. Maria Racionero & John Quiggin, 2006. "Fixed Wages and Bonuses in Agency Contracts: The Case of a Continuous State Space," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 8(5), pages 761-777, December.
    11. Peleg, Bezalel & Yaari, M E, 1975. "A Price Characterization of Efficient Random Variables," Econometrica, Econometric Society, vol. 43(2), pages 283-292, March.
    12. Luenberger, David G, 1996. "Welfare from a Benefit Viewpoint," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 7(3), pages 445-462, April.
    13. David G. Luenberger, 1996. "Welfare from a benefit viewpoint (*)," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 7(3), pages 445-462.
    14. Robert G. Chambers & Rolf Färe, 1998. "Translation homotheticity," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 11(3), pages 629-641.
    15. Varian, Hal R, 1984. "The Nonparametric Approach to Production Analysis," Econometrica, Econometric Society, vol. 52(3), pages 579-597, May.
    16. Quiggin, John & Chambers, Robert G, 2001. "The Firm under Uncertainty with General Risk-Averse Preferences: A State-Contingent Approach," Journal of Risk and Uncertainty, Springer, vol. 22(1), pages 5-20, January.
    17. Chambers, Robert G. & Chung, Yangho & Fare, Rolf, 1996. "Benefit and Distance Functions," Journal of Economic Theory, Elsevier, vol. 70(2), pages 407-419, August.
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    More about this item

    Keywords

    Directional distance function; Generalized certainty equivalent; Production risk premieum; State-contingent production; Translation homotheticity; D21; D24;
    All these keywords.

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity

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