The LeChatelier principle under production uncertainty

被引:2
|
作者
Karagiannis, G [1 ]
Gray, R [1 ]
机构
[1] UNIV SASKATCHEWAN,SASKATOON,SK S7N 0W0,CANADA
关键词
D O I
10.2307/3440738
中图分类号
F [经济];
学科分类号
02 ;
摘要
Under production uncertainty, it is shown that the LeChatelier principle holds for the derived demand of the ith factor if it is technically complementary (competing) with the risk-increasing (risk-reducing) quasi-fixed input and absolute risk aversion is decreasing. In addition, the LeChatelier principle for the output supply function holds if the quasi-fixed factor is an inferior (normal) and risk-increasing (risk-reducing) input and partial risk aversion is increasing.
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页码:453 / 460
页数:8
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