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- W1583804560 abstract "This chapter describes a formal model of a stochastic production technology. Alternative axioms and different structural restrictions are presented, and producer decision-making under uncertainty is examined. The presentation emphasizes the formal similarities between the stochastic production environment and more traditional models of a nonstochastic technology and producer behavior under certainty. The nonstochastic multiple-output technology is shown to be special case of the more general stochastic production structure." @default.
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- W1583804560 date "2022-01-01" @default.
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- W1583804560 title "Production Under Uncertainty" @default.
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- W1583804560 doi "https://doi.org/10.1007/978-981-10-3455-8_6" @default.
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