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The Theory of Price Uncertainty, Production, and Profit
Clement Allen Tisdell
€ 38.99
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Description for The Theory of Price Uncertainty, Production, and Profit
Paperback. The description for this book, The Theory of Price Uncertainty, Production, and Profit, will be forthcoming. Series: Princeton Legacy Library. Num Pages: 208 pages. BIC Classification: KC. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 234 x 156. .
Firms and farmers, under pure competition, must make production decisions in the face of price uncertainty. The author has integrated diverse theories of behavior under uncertainty to provide a new framework for his mathematical analysis of the impact of price uncertainty on the behavior of the firm. Drawing upon the work of Knight, Hicks, von Neumann, and Morgenstern, he develops a schema that accounts for a greater diversity of behavior than do existing theories, yet one which yields simple economic theorems of practical value. The conclusions he draws apply to both socialist and capitalist economics. Originally published in 1968. ... Read more
Firms and farmers, under pure competition, must make production decisions in the face of price uncertainty. The author has integrated diverse theories of behavior under uncertainty to provide a new framework for his mathematical analysis of the impact of price uncertainty on the behavior of the firm. Drawing upon the work of Knight, Hicks, von Neumann, and Morgenstern, he develops a schema that accounts for a greater diversity of behavior than do existing theories, yet one which yields simple economic theorems of practical value. The conclusions he draws apply to both socialist and capitalist economics. Originally published in 1968. ... Read more
Product Details
Publisher
Princeton University Press United States
Number of pages
208
Format
Paperback
Publication date
2016
Series
Princeton Legacy Library
Condition
New
Number of Pages
208
Place of Publication
New Jersey, United States
ISBN
9780691622224
SKU
V9780691622224
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-1
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