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Article
Input Price Uncertainty and Factor Demand
CARD Working Papers
  • S. Devadoss, Iowa State University
  • E. Kwan Choi, Iowa State University
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.

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Citation Information
S. Devadoss and E. Kwan Choi. "Input Price Uncertainty and Factor Demand" (1987)
Available at: http://works.bepress.com/ekwan-choi/5/