Price and output risk: empirical analysis
Without relying on duality theory and the indirect utility function, an estimation method is devised that accommodates both price and output uncertainty. This method enables easy testing for risk neutrality. Moreover, it enables empirical comparative statics results to be derived that can be compared to the theoretical findings.
Year of publication: |
2006
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Authors: | Alghalith, Moawia |
Published in: |
Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 13.2006, 6, p. 391-393
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Publisher: |
Taylor & Francis Journals |
Saved in:
freely available
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