Theory of Price Uncertainty, Production, and Profit
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A01=Clement Allan Tisdell
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Aggregate demand
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Author_Clement Allan Tisdell
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Average variable cost
Bayesian probability
Behavioral economics
Bias of an estimator
Capitalism
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Commodity
Commodity value
Competitive equilibrium
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Correlation and dependence
Cost curve
Decision theory
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Demand curve
Discounts and allowances
Dynamic decision-making
Econometric model
Econometrica
Economic Calculation in the Socialist Commonwealth
Economic efficiency
Economic equilibrium
Economic Life
Economic planning
Economics
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Expected utility hypothesis
Expected value
Factor price
Factors of production
Financial ratio
Forecast error
Forward price
Foundations of statistics
General equilibrium theory
Income
Interest and Money
Investment
Language_English
Loss function
Marginal cost
Marginal revenue
Marginal utility
Market mechanism
Market price
Output (economics)
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Pareto efficiency
Preference (economics)
Price
Price Change
Price elasticity of supply
Price fixing
Price support
Price variance
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Pricing
Probability
Probability distribution
Production function
Production-possibility frontier
Profit maximization
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Rational choice theory
Shadow price
Socialist economics
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Supply (economics)
Supply and demand
The General Theory of Employment
Theory of Games and Economic Behavior
Theory Of Price
Total cost
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Uncertainty
Utility
Value and Capital
Welfare economics
Product details
- ISBN 9780691622224
- Weight: 28g
- Dimensions: 152 x 235mm
- Publication Date: 08 Dec 2015
- Publisher: Princeton University Press
- Publication City/Country: US
- Product Form: Paperback
- Language: English
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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.
