Theory of the Firm Facing Uncertain Demand: Reply.
This article presents a response to the commentary made by Robert Korkie (1975) regarding the author's study of a firm facing uncertain demand. The author proved the consistency of his findings that linear stochastic demand functions will satisfy the principle of increasing uncertainty (PIU) for the...
| Published in: | American Economic Review Vol. 65; no. 1; pp. 248 - 249 |
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| Format: | Article |
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American Economic Association
Mar1975
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| Online Access: | View this record in EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=4504726&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 4504726 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00028282 AER jtl: American Economic Review issn: 00028282 maglogo: N pubinfo: dt: Mar1975 vid: 65 iid: 1 pid: 22 pub: American Economic Association artinfo: ui: 4504726 ppf: 248 ppct: 1 formats: tig: atl: Theory of the Firm Facing Uncertain Demand: Reply. aug: au: Leland, Hayne E. affil: School of Business Administration, University of California, Berkeley su: Stochastic analysis Uncertainty Demand function Stochastic processes Rational expectations (Economic theory) Economic demand Consumption (Economics) Probability theory sug: subj: Stochastic analysis Uncertainty Demand function Stochastic processes Rational expectations (Economic theory) Economic demand Consumption (Economics) Probability theory ab: This article presents a response to the commentary made by Robert Korkie (1975) regarding the author's study of a firm facing uncertain demand. The author proved the consistency of his findings that linear stochastic demand functions will satisfy the principle of increasing uncertainty (PIU) for the range of outputs relevant to a profit oriented firm. As stated in the article, the author indicated that linear stochastic demand curves satisfying are consistent with the PIU over the range of outputs relevant to analysis. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y dt: @attributes: year: 1975 holdings: @attributes: islocal: N |
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