Output Price Subsidies in a Stochastic World
研究企业在面对价格和生产不确定性时，产出补贴的比较静态分析，讨论差额支付、支持价格方案和随机供给转移，并利用谢泼德引理分析投入需求变化。
Abstract This article studies the comparative statics of output subsidies for firms, with monotonic preferences over costs and returns, that face price and production uncertainty. The modeling of deficiency payments, support‐price schemes, and stochastic supply shifts in a state‐space framework is discussed. It is shown how these notions can be used, via a simple application of Shephard's lemma, to analyze input‐demand shifts once comparative‐static results for supply are available. A range of comparative‐static results for supply are then developed and discussed.