生产不确定性下的成本函数

Cost Functions Under Production Uncertainty

American Journal of Agricultural Economics · 1994
被引 69
人大 AABS 3

中文导读

刻画了在生产不确定时,与期望效用最大化一致的成本函数特征,指出在风险规避下不能仅用期望产出作为成本最小化的约束,并给出了一些无风险偏好的特例。

Abstract

Abstract We characterize the cost functions which would be consistent with expected utility maximization when production is uncertain. It is not generally possible, assuming risk aversion, to use only expected output as the constraint in a cost minimization problem. In some leading cases, cost functions consistent with expected utility maximization are particularly useful because they are devoid of risk preferences.

生产不确定性成本函数期望效用最大化风险规避