Cost Functions and Duality for Stochastic Technologies

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Published in RePEc

Abstract

Cost functions dual to stochastic production technologies are derived and their properties are discussed. These cost functions are shown to be consistent with expected-utility maximization without placing serious structural restrictions on the underlying technology. Copyright 1998, Oxford University Press. (This abstract was borrowed from another version of this item.)

Keywords

STOCHASTIC
COPYRIGHT
FUNCTIONS
PRESS
STRUCTURAL
DUAL
OXFORD
MAXIMIZATION
ITEM
BORROWED

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