Article
Input Price Uncertainty and Factor Demand
CARD Working Papers
Publication Date
6-1-1987
Series Number
87-WP 25
Abstract
A simple two-input and one-output model is used to examine the effects of variable input price uncertainty on a quasi-fixed factor. These theoretical results, applied to a livestock firm, indicate that choice of the quasi-fixed factor depends upon the attitude of the farmer toward risk and whether the inputs are complements, substitutes, or independents.
Disciplines
Copyright Owner
Author(s)
Copyright Date
1987
Citation Information
S. Devadoss and E. Kwan Choi. "Input Price Uncertainty and Factor Demand" (1987) Available at: http://works.bepress.com/ekwan-choi/5/