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Demand Uncertainty and Production Outsourcing

Atasoy, Hilal - 2019

We examine the relation between demand uncertainty and firms' production outsourcing decisions. Contrary to the traditional view on make-or-buy decisions in management accounting textbooks, we predict that demand uncertainty deters outsourcing by a manufacturer from a supplier. Building on...

Persistent link: https://www.econbiz.de/10012904065

Rethinking Production Under Uncertainty

Cochrane, John H. - 2019

Conventional models of production under uncertainty specify that output is produced in fixed proportions across states of nature. I investigate a representation of technology that allows firms to transform output from one state to another. I allow the firm to choose the distribution of its...

Persistent link: https://www.econbiz.de/10012858030

Demand Uncertainty and Efficiency

Eden, Benjamin - 2014

I use a flexible price version of the Prescott (1975) “hotels” model to study a dynamic model that allows for storage. The formulation follows the standard competitive analysis tradition with a non-standard definition of markets: The set of markets that open depends on the state of demand. I...

Persistent link: https://www.econbiz.de/10013045717

Rethinking Production Under Uncertainty

Cochrane, John H. - 2019

Persistent link: https://www.econbiz.de/10012480479

Rethinking Production Under Uncertainty

Cochrane, John H. - 2020

Persistent link: https://www.econbiz.de/10012846519

Measuring farm productivity under production uncertainty

Ait Sidhoum, Amer - In: The Australian journal of agricultural and resource … 67 (2023) 4, pp. 672-687

Persistent link: https://www.econbiz.de/10014427744

Are scale economies in banking elusive or illusive? : evidence obtained by incorporating capital structure and risk-taking into models of bank production

Hughes, Joseph P.; Mester, Loretta J.; Moon, Choon-geol - 2000 - This draft: May 2000

This paper explores how to incorporate banks' capital structure and risk-taking into models of production. In doing so … companies. Modeling the bank's objective as value maximization conveniently incorporates both market-priced risk and expected … on how banks' capital structure and risk-taking is modeled. In particular, when equity capital, in addition to debt, is …

Persistent link: https://www.econbiz.de/10011576401

Recovering risky technologies using the almost ideal demand system : an application to U.S. banking

Hughes, Joseph P.; Lang, William W.; Mester, Loretta J.; … - 2000 - This draft: September 2000

cost minimization to a more general assumption of managerial utility maximization that can incorporate risk incentives into … between the risk-incentives literature in banking that ignores the microeconomics of production and the production literature … that ignores the relationship between production decisions and risk. …

Persistent link: https://www.econbiz.de/10011576770

Fundamentals of production theory in international trade : a modern approach based on theory of duality

Bobzin, Hagen - 2002

In terms of convex analysis the revenue function of a country with a given factor endowment may be seen as the support function of the production possibility set. At the same time this revenue function is the so called convex-conjugate of the indicator function of the production possibility set....

Persistent link: https://www.econbiz.de/10011525320

Breaking open the black box of the production function : an agent-based model accounting for time in production processes

Birner, Jack; Mazzoli, Marco; Priori, Eleonora; Terna, … - 2024

Persistent link: https://www.econbiz.de/10014576793

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