A NEOCLASSICAL MEASURE OF PROFIT: AN EXTENSION FOR UNCERTAINTY
扩展了Scapens的新古典利润模型,利用多期框架中的确定性等价公式引入不确定性,证明经济利润度量并不依赖于确定性假设。
This note extends the economic model used by Scapens (1978 and 1979) to develop a neoclassical measure of profit. A certainty equivalent formula in a multiperiod framework is used to introduce uncertainty into the analysis. It is demonstrated that the measure of economic profit developed in earlier papers is not crucially dependent upon the assumption of certainty.