The State‐Contingent Properties of Stochastic Production Functions
考察了农业经济学文献中常用随机生产表示法的状态依存性质，重点分析了乘法不确定性、加法不确定性和Just-Pope生产函数，并提出了具有良好状态依存特征的Just-Pope技术推广形式。
Abstract The state‐contingent properties of the most frequently used representations of stochastic production in the agricultural‐economics literature are examined. Particular attention is paid to the cases of multiplicative uncertainty, additive uncertainty, and the Just‐Pope production function. State‐contingent technologies and their associated cost functions are reviewed, and that theory is applied to the stochastic production function. A generalization of the Just‐Pope technology that has desirable state‐contingent characteristics is proposed. Cost functions based upon state‐contingent technologies are compared with cost functions based on a parametrized distribution representation of production uncertainty.