The LeChatelier Principle under Production Uncertainty
研究了生产不确定性下勒夏特列原理的成立条件,发现当准固定投入是风险增加或减少型时,要素需求与产出供给的调整方向取决于技术互补性及风险厌恶的变化。
Under production uncertainty, it is shown that the LeChatelier principle holds for the derived demand of the "i"th factor if it is technically complementary (competing) with the risk-increasing (risk-reducing) quasi-fixed input and absolute risk aversion is decreasing. In addition, the LeChatelier principle for the output supply function holds if the quasi-fixed factor is an inferior (normal) and risk-increasing (risk-reducing) input and partial risk aversion is increasing. Copyright 1996 by The editors of the Scandinavian Journal of Economics.