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- W1968778828 abstract "A closed-form dual representation of the multi-output production problem is developed under CARA and the large exponential family of multivariate price distributions. System-wide response analysis allows an understanding of second moment and risk tolerance effects, and provides insights on distorting subsidies admissible under World Trade Organization agreements. We demonstrate second-order flexibility in the sense that any empirical first and second moments can be imposed. Production complementarity results are identified for a special linearized version of the model. Incentives under the class of elliptically contoured distributions are studied, as are speculation decisions in the presence of futures markets." @default.
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- W1968778828 date "2006-05-01" @default.
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- W1968778828 title "Multi-output firm under price uncertainty" @default.
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- W1968778828 doi "https://doi.org/10.1016/j.jeconbus.2005.12.001" @default.
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