Risk Aversion and Price Risk in Duality Models of Production: A Linear Mean‐Variance Approach
构建了一个允许风险规避和价格不确定性的生产对偶模型，采用线性均值-方差框架，既比标准价格确定性模型更一般，又保持了实证研究所需的简洁性。
Abstract A duality model of production is developed that permits risk aversion and price uncertainty. The linear mean‐variance framework employed is tractable for empirical research, in contrast to duality models of risk based on a generalized expected utility function. The framework is more general than in standard price certainty models while retaining the simplicity needed for empirical research.