The Theory Of Price Uncertainty Production And Profit
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The Theory Of Price Uncertainty Production And Profit
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Author : Clement Allan Tisdell
language : en
Publisher: Princeton University Press
Release Date : 2015-12-08
The Theory Of Price Uncertainty Production And Profit written by Clement Allan Tisdell and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-12-08 with Business & Economics categories.
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.
New Economics Of Risk And Uncertainty
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Author : Moawia Alghalith
language : en
Publisher: Nova Publishers
Release Date : 2007
New Economics Of Risk And Uncertainty written by Moawia Alghalith and has been published by Nova Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Business & Economics categories.
Presents an alternative theoretical framework that can serve as the basis for a new age of economic analysis under risk and uncertainty. This work features an endogenous theory that overcomes the major shortcomings of both the expected utility and the rank-dependent models while it possesses the merits of both.
Recent Theories Of Profit
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Author : Muhammad Nejatullah Siddiqi
language : en
Publisher: [Bombay : published for] the Faculty of Social Sciences, Aligarh Muslim University [by] Asia Publishing House
Release Date : 1971
Recent Theories Of Profit written by Muhammad Nejatullah Siddiqi and has been published by [Bombay : published for] the Faculty of Social Sciences, Aligarh Muslim University [by] Asia Publishing House this book supported file pdf, txt, epub, kindle and other format this book has been release on 1971 with Profit categories.
Expectation Enterprise And Profit
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Author : G.L.S. Shackle
language : en
Publisher: Routledge
Release Date : 2013-10-11
Expectation Enterprise And Profit written by G.L.S. Shackle and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10-11 with Business & Economics categories.
G.L.S. Shackle made numerous, pioneering contributions to the study of uncertainty in economic life. This volume studies the production process, where resources must be committed to specific technological purposes long in advance of the ultimate sale of goods to the consumer. The problems of such a system rest on the durability of the instruments it uses, whose huge expense can only be recouped if they can be used for many years. Yet at the time of investment, those years of use are in the future and uncertain. The firm is the essential institutional means of confronting this uncertainty. Expectation, Enterprise and Profit is concerned with the nature and mode of life of the firm as a means of policy formation in the face of uncertainty. Chapters include: The Nature and Matrix of Production, Investment and Expectation, Interdependent Decision-Making and Profit and Equilibrium.
Price Theory And Applications
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Author : Jack Hirshleifer
language : en
Publisher: Cambridge University Press
Release Date : 2005-09-12
Price Theory And Applications written by Jack Hirshleifer and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-09-12 with Business & Economics categories.
This new seventh edition of the book offers extensive discussion of information, uncertainty, and game theory. It contains over a hundred examples illustrating the applicability of economic analysis not only to mainline economic topics but also issues in politics, history, biology, the family, and many other areas. These discussions generally describe recent research published in scholarly books and articles, giving students a good idea of the scientific work done by professional economists. In addition, at appropriate places the text provides 'applications' representing more extended discussions of selected topics including rationing in wartime (Chapter 5), import quotas (Chapter 7), alleged monopolistic suppression of inventions (Chapter 9), minimum wage laws (Chapter 11), the effects of Social Security upon saving (Chapter 15), fair division of disrupted property (Chapter 16) and whether individuals should pay ransom to a kidnapper (Chapter 17).
Risk Uncertainty And Profit
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Author : Frank Hyneman Knight
language : en
Publisher: Beard Books
Release Date : 2002
Risk Uncertainty And Profit written by Frank Hyneman Knight and has been published by Beard Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.
Role of the entrepreneur in a distinct role of profit.
Facility Location And The Theory Of Production
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Author : Arthur P. Hurter
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Facility Location And The Theory Of Production written by Arthur P. Hurter and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
The design and location of production facilities are important aspects of corporate strategy which can have a significant impact on the socio economy of nations and regions. Here, these decisions are recognized as being interrelated; that is, the optimal plant design (input mix and output level) depends on the location of the plant, and the optimal location of the plant depends on the design of the plant. Until the late 1950s, however, the questions of where a firm should locate its plant and what should be its planned input mix and output level were treated, for the most part, as separate questions, and were investigated by different groups of research ers. Although there was some recognition that these questions are inter I 1928; Hoover 1948; Isard 1956], no detailed analysis related [e. g. , Pre doh or formal structure was developed combining these two problems until the work of Moses [1958]. In recent years scholarly interest in the integrated production/locaton decision has been increasing rapidly. At the same time that research on the integrated production/location problem was expanding, significant related work was occurring in the fields of operations research, transportation science, industrial engineering, eco nomics, and geography. Unfortunately, the regional scientists working on the production/location problem had little contact with researchers in other fields. They generally publish in different journals and attend dif ferent professional meetings. Consequently, little of the recent work in these fields has made its way into the production/location research and vice versa.
Risk Uncertainty And Profit
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Author : Frank Hyneman Knight
language : en
Publisher:
Release Date : 1957
Risk Uncertainty And Profit written by Frank Hyneman Knight and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1957 with Competition categories.
Pt. 1. Introductory.--pt. 2. Perfect competition.--pt. 3. Imperfect competition through risk and uncertainty.
Cost Uncertainty And Welfare
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Author : Stephan John Nash
language : en
Publisher: Routledge
Release Date : 2018-12-17
Cost Uncertainty And Welfare written by Stephan John Nash and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-12-17 with Social Science categories.
First published in 1998. This work contributes to the discussion of Knight by showing that uncertainty broadens the conception of economic welfare, and that a new cost analysis holds the key to unlocking the Knightian corpus. It develops Knight's suggestion that uncertainty-control costs can be reduced - arguing that the large firm enjoys economic rent from utilizing its dominant vantage point in the market. The author demonstrates that while Knight provides the intellectual stimulus which propelled Chamberlin's thesis of monopolistic competition, Chamberlin uses a very abstract form of uncertainty in his analysis.
Risk Uncertainty And Profit
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Author : Frank H. Knight
language : en
Publisher: Cosimo, Inc.
Release Date : 2006-11-01
Risk Uncertainty And Profit written by Frank H. Knight and has been published by Cosimo, Inc. this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-11-01 with Business & Economics categories.
A timeless classic of economic theory that remains fascinating and pertinent today, this is Frank Knight's famous explanation of why perfect competition cannot eliminate profits, the important differences between "risk" and "uncertainty," and the vital role of the entrepreneur in profitmaking. Based on Knight's PhD dissertation, this 1921 work, balancing theory with fact to come to stunning insights, is a distinct pleasure to read. FRANK H. KNIGHT (1885-1972) is considered by some the greatest American scholar of economics of the 20th century. An economics professor at the University of Chicago from 1927 until 1955, he was one of the founders of the Chicago school of economics, which influenced Milton Friedman and George Stigler.