ADJUSTMENT TO PRODUCTION UNCERTAINTY AND THE THEORY OF THE FIRM: REPLY
回应了对作者1986年同一标题文章的评论，讨论了一个导致确定性结果的特殊案例，并分析了风险偏好对最优产出的影响。
This reply responds to two comments on our 1986 article in this journal under the same title. The comments discuss a special case of the model which gives a certainty result, and also propose several alternative formulations of the model. The reply argues that the special certainty result is not an interesting or reasonable case, and discusses the relationship between the proposed alternative formulations and the original model. The influence of risk preferences on optimal output is analyzed through comparative statics for changes in risk in the context of the original model.