The Theory of Price Uncertainty, Production, and Profit: 2002 (Princeton Legacy Library) - Image 1

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Princeton University Press The Theory of Price Uncertainty, Production, and Profit: 2002 (Princeton Legacy Library)

Name: The Theory of Price Uncertainty, Production, and Profit: 2002 (Princeton Legacy Library)
Brand: Princeton University Press
Price: 60.0 GBP
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Microeconomics

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Description

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.

Product Specifications

Brand: Princeton University Press
Format: hardcover
ASIN: 0691649022
Category: Books > Subjects > Business, Finance & Law > Economics > Microeconomics
Domain: Amazon UK
Release Date: 03 May 2016
Listed Since: 10 February 2016

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Princeton University Press The Theory of Price Uncertainty, Production, and Profit: 2002 (Princeton Legacy Library)

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