The Theory of Price Uncertainty, Production, and Profit (eBook)

Clement Allan Tisdell (Autor)

eBook Download: PDF

2015
208 Seiten
Princeton University Press (Verlag)
978-1-4008-7633-4 (ISBN)

Infos

Firms and farmers, under pure competition, must make production decisions in the face of price uncertainty. The author has integrated diverse theories of behavior under uncertainty to provide a new framework for his mathematical analysis of the impact of price uncertainty on the behavior of the firm. Drawing upon the work of Knight, Hicks, von Neumann, and Morgenstern, he develops a schema that accounts for a greater diversity of behavior than do existing theories, yet one which yields simple economic theorems of practical value. The conclusions he draws apply to both socialist and capitalist economics.Originally published in 1968.The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Produkt-Details

• Erscheint lt. Verlag: 8.12.2015
• Reihe/Serie: Princeton Legacy Library
• Reihe/Serie: Princeton Legacy Library
• Verlagsort: Princeton
• Sprache: englisch
• Themenwelt: Wirtschaft
• Schlagworte: aggregate demand • Aggregate income • asset • A Treatise on Probability • Average variable cost • Bayesian • Bayesian probability • Behavioral Economics • Bias of an estimator • Calculation • Capitalism • Commodity • Commodity value • Competitive equilibrium • consumer • Correlation and dependence • correlation coefficient • Cost curve • Decision-Making • Decision problem • Decision rule • Decision Theory • Demand curve • Discounts and allowances • Dynamic decision-making • Econometrica • Econometric model • Economic Calculation in the Socialist Commonwealth • Economic Efficiency • Economic equilibrium • Economic Life • Economic planning • Economics • Economic Theory (journal) • Expected utility hypothesis • expected value • Factor price • Factors of Production • Financial ratio • Forecast Error • Forecasting • Forward price • Foundations of Economic Analysis • Foundations of statistics • General Equilibrium Theory • income • Indifference curve • Interest Rate • Investment • Lagrange multiplier • Likelihood Function • Loss Function • Marginal cost • marginal revenue • marginal utility • Marketing board • Market Mechanism • Market Price • Mathematical economics • Mean squared error • Microeconomics • optimization problem • Output (economics) • Pareto Efficiency • Preference (economics) • price • price change • Price elasticity of supply • Price Fixing • Price support • Price variance • Pricing • Probability • Probability Distribution • Probability of error • Probability Theory • Production Function • Production–possibility frontier • Profit Maximization • p-value • Quantity Supplied • Rational Choice Theory • Reseller • Resource Allocation • shadow price • socialist economics • Supply and Demand • Supply (economics) • Technical Analysis • The general theory of employment, interest and money • theory • Theory of Games and Economic Behavior • Theory Of Price • Theory of the Firm • Total Cost • Total revenue • Uncertainty • Utility • Value and Capital • Welfare Economics
• ISBN-10: 1-4008-7633-8 / 1400876338
• ISBN-13: 978-1-4008-7633-4 / 9781400876334