Competitive firm and resource allocation under uncertain capital service.

A study examined the effects of uncertain capital service and industry risk pooling on the behavior of a competitive firm and the allocation of resources. A two-sector general equilibrium framework was used. It was found that capital service uncertainty leads to a reduction in a firm's output, inp...

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Bibliographic Details

Published in:	Southern Economic Journal Vol. 57; pp. 208 - 221
Main Authors:	Martin, Robert E., Yu, Eden S. H.
Format:	Article
Published:	Southern Economic Association July 1990
Subjects:	Resource allocation > Mathematical models Production (Economic theory) Uncertainty Economics
Online Access:	View this record in EBSCOhost