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On Professor Kohn and Expected Utility: Correction and Clarification

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  • Horowitz Ira

Abstract

As a result of an oversight and narrow assumption, Kohn and Hollenhorst (1988) Derive an equation that does not hold in general and that leads to some erroneous Inferences when relied upon in Kohn (1999). The purpose of this note is to identify And clarify the problem and its source, and to draw the appropriate inferences. [D80, Q25]

Suggested Citation

  • Horowitz Ira, 2001. "On Professor Kohn and Expected Utility: Correction and Clarification," International Economic Journal, Taylor & Francis Journals, vol. 15(2), pages 51-56, June.
    • Handle: RePEc:taf:intecj:v:15:y:2001:i:2:p:51-56
    DOI: 10.1080/10168730100000035
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    References listed on IDEAS

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    1. Robert E. Kohn, 1998. "Pollution and the Firm," Books, Edward Elgar Publishing, number 1313.
    2. Robert Kohn, 1999. "Risk-Neutrality versus Risk A version in a Model of Production Efficiency under Uncertainty," International Economic Journal, Taylor & Francis Journals, vol. 13(1), pages 71-79.
    3. Sandmo, Agnar, 1971. "On the Theory of the Competitive Firm under Price Uncertainty," American Economic Review, American Economic Association, vol. 61(1), pages 65-73, March.
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    1. Robert E. Kohn, 2001. "On Professor Kohn and Expected Utility: Correction and Clarification-Rejoinder," International Economic Journal, Taylor & Francis Journals, vol. 15(2), pages 57-62, June.

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