COST-FUNCTIONS AND DUALITY FOR STOCHASTIC TECHNOLOGIES

Authors
CHAMBERS RG QUIGGIN J
Citation
Rg. Chambers et J. Quiggin, COST-FUNCTIONS AND DUALITY FOR STOCHASTIC TECHNOLOGIES, American journal of agricultural economics, 80(2), 1998, pp. 288-295
Citations number
16
Categorie Soggetti
Economics,"AgricultureEconomics & Policy
Journal title
American journal of agricultural economics → ACNP
ISSN journal
00029092
Volume
80
Issue
2
Year of publication
1998
Pages
288 - 295
Database
ISI
SICI code
0002-9092(1998)80:2<288:CADFST>2.0.ZU;2-0
Abstract
Cost functions dual to stochastic production technologies are derived and their properties are discussed. These cost functions are shown to be consistent with expected-utility maximization without placing serio us structural restrictions on the underlying technology.