The purpose of this paper is to examine production decisions under output price uncertainty. Using a nonparametric estimation technique to estimate the first four moments of the unknown price distribution and applying duality, we provide a simple empirical framework for the analysis of supply...

This paper identifies and explains differences in performance between two widely used alternative work methods--module and bundle production--in the basics sector of the apparel industry. This research is based on interviews with managers and surveys of worker attitudes and perceptions. We find...

In this paper, we estimate the effects of import-price uncertainty on factor income in Switzerland. We use the production-theory approach to derive the import demand function from an expected utility maximization problem, treating imports as an input to the technology. The model is also used to...

Frontmatter -- Contents -- Preface -- 1. Introduction -- 2. The economics of social regulation: an overview -- 3. The economics of product reliability and warranties -- 4. The regulation of quality by licensing and certification -- 5. Social regulation and the Canadian legal system: an economic...