The Theory of Price Uncertainty, Production, and Profit

The Theory of Price Uncertainty, Production, and Profit PDF Author: Clement Allan Tisdell
Publisher:
ISBN:
Category :
Languages : en
Pages :

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The Theory of Price Uncertainty, Production, and Profit

The Theory of Price Uncertainty, Production, and Profit PDF Author: Clement Allan Tisdell
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description


The Theory of Price Uncertainty, Production, and Profit

The Theory of Price Uncertainty, Production, and Profit PDF Author: Clement Allan Tisdell
Publisher: Princeton University Press
ISBN: 1400876338
Category : Business & Economics
Languages : en
Pages : 208

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Book Description
Firms and farmers, under pure competition, must make production decisions in the face of price uncertainty. The author has integrated diverse theories of behavior under uncertainty to provide a new framework for his mathematical analysis of the impact of price uncertainty on the behavior of the firm. Drawing upon the work of Knight, Hicks, von Neumann, and Morgenstern, he develops a schema that accounts for a greater diversity of behavior than do existing theories, yet one which yields simple economic theorems of practical value. The conclusions he draws apply to both socialist and capitalist economics. Originally published in 1968. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Risk, Uncertainty and Profit

Risk, Uncertainty and Profit PDF Author: Frank H. Knight
Publisher: Cosimo, Inc.
ISBN: 1602060053
Category : Business & Economics
Languages : en
Pages : 401

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Book Description
A timeless classic of economic theory that remains fascinating and pertinent today, this is Frank Knight's famous explanation of why perfect competition cannot eliminate profits, the important differences between "risk" and "uncertainty," and the vital role of the entrepreneur in profitmaking. Based on Knight's PhD dissertation, this 1921 work, balancing theory with fact to come to stunning insights, is a distinct pleasure to read. FRANK H. KNIGHT (1885-1972) is considered by some the greatest American scholar of economics of the 20th century. An economics professor at the University of Chicago from 1927 until 1955, he was one of the founders of the Chicago school of economics, which influenced Milton Friedman and George Stigler.

The Pure Theory of International Trade under Uncertainty

The Pure Theory of International Trade under Uncertainty PDF Author: Raveendra N. Batra
Publisher: Springer
ISBN: 134902208X
Category : Business & Economics
Languages : en
Pages : 145

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Entrepreneurial Action

Entrepreneurial Action PDF Author: Andrew C. Corbett
Publisher: Emerald Group Publishing
ISBN: 1780529015
Category : Business & Economics
Languages : en
Pages : 327

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Book Description
Volume 14 addresses the central issue of entrepreneurial action: while many factors are important to the phenomenon of entrepreneurship, entrepreneurship does not happen until someone takes action!

Marketing Decisions Under Uncertainty

Marketing Decisions Under Uncertainty PDF Author: Dung Nguyen
Publisher: Springer Science & Business Media
ISBN: 1461562090
Category : Business & Economics
Languages : en
Pages : 320

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Book Description
Remarkable advance in quantitative marketing research in the last two decades, incorporating applied microeconomic theories, operations research and management applications, has brought the field of marketing alongside with finance, accounting and productionto within an executive'sreach for a sophisticatedtoolbox for decision making in an increasingly competitive and complex business environment. A quick look at Marketing, a recently published book edited by Eliashberg and Lilien would indicate even to the casual reader the extent of such methodological progress made by marketing scholars. Even in such an impressive and nearly exhaustive collection oftopics, with the notable exception pointed out by the editors of applicationsofthe scanner data, and in spite of the reference to it, an important omission is related to the issues ofmarketing decisions under conditions ofuncertainty. It is fairly obvious to the marketing executive and academician alike to recognize the important role uncertaintyplays in marketingdecisions such as pricing, promotion, advertising, sales force management, and others. The major purpose of this study is to address certain major marketing decision variables within the general context of an uncertain environment. While there have been significant progresses in analyzing marketing behaviors in a stochastic environment,the sourcesscatteramong differentmanagementandmarketingjoumals; and to the extent that these issues are addressed at all, they have aimed mainly at each separate, specifictopic at a time. Thus, our effort to bring these studies together in the same framework should facilitate our in-depth analysis of these important phenomena.

Recent Developments in the Theory of Industrial Organization

Recent Developments in the Theory of Industrial Organization PDF Author: Alfredo Del Monte
Publisher: Springer
ISBN: 1349117714
Category : Business & Economics
Languages : en
Pages : 328

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Book Description
New forms of organisation and market behaviour are emerging to replace and reshape older forms. This has produced great uncertainty in industrial organization theory. The purpose of this volume is to review and present some of the new approaches developed in industrial organization. The material is organised into four sections: recent approaches to Industrial Organisation, the behaviour of individual firms and the characteristics of industrial systems as a whole, new theories of the firm and market structure and technical progress and market structure - some special issues.

Aquaculture

Aquaculture PDF Author: John S. Lucas
Publisher: John Wiley & Sons
ISBN: 1119230861
Category : Technology & Engineering
Languages : en
Pages : 678

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Book Description
Zeigt übersichtlich die wichtige und unterstützende Rolle der Aquakultur für die Lebensmittelsicherheit, den Erhalt der Lebensgrundlagen und die wirtschaftliche Entwicklung auf der ganzen Welt. Diese neue Auflage von Aquaculture: Farming Aquatic Animals and Plants beschäftigt sich mit wesentlichen Aspekten der Kultur von Fischen, Schalentieren und Algen in Süß- und Salzwasser. Zu den behandelten Themen gehören: Prinzipien der Aquakultur, Wasserqualität, Umweltauswirkungen auf die Aquakultur, Aquakultur in der Wüste, Reproduktion, Lebenszyklen und Wachstum, Genetik und Bestandsverbesserung, Fütterung und Herstellung von Futtermitteln, Krankheiten, Impfungen, Post-Harvest-Technologien, Betriebswirtschaft und Marketing, zukünftige Entwicklung der Aquakultur. In speziellen Kapiteln geht es auch um die Kultur von Algen, Karpfen, Salmoniden, Tilapia, Wels, Salz- und Brackwasserfischen, Weichschildkröten, Barramundi, Seegarnelen, Wollhandkrabben und sonstigen Dekapoden und Krebstieren, Muscheln, Gastropoden und Zierarten. In dieser Ausgabe wird die Aquakultur Chinas umfassender erläutert, auch die Bedeutung des Landes in einem globalen Kontext.

Routledge Handbook of Bounded Rationality

Routledge Handbook of Bounded Rationality PDF Author: Riccardo Viale
Publisher: Routledge
ISBN: 1317330803
Category : Business & Economics
Languages : en
Pages : 681

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Book Description
Herbert Simon’s renowned theory of bounded rationality is principally interested in cognitive constraints and environmental factors and influences which prevent people from thinking or behaving according to formal rationality. Simon’s theory has been expanded in numerous directions and taken up by various disciplines with an interest in how humans think and behave. This includes philosophy, psychology, neurocognitive sciences, economics, political science, sociology, management, and organization studies. The Routledge Handbook of Bounded Rationality draws together an international team of leading experts to survey the recent literature and the latest developments in these related fields. The chapters feature entries on key behavioural phenomena, including reasoning, judgement, decision making, uncertainty, risk, heuristics and biases, and fast and frugal heuristics. The text also examines current ideas such as fast and slow thinking, nudge, ecological rationality, evolutionary psychology, embodied cognition, and neurophilosophy. Overall, the volume serves to provide the most complete state-of-the-art collection on bounded rationality available. This book is essential reading for students and scholars of economics, psychology, neurocognitive sciences, political sciences, and philosophy.

Essays on Economic Decisions Under Uncertainty

Essays on Economic Decisions Under Uncertainty PDF Author: Jacques Drèze
Publisher: CUP Archive
ISBN: 9780521386975
Category : Business & Economics
Languages : en
Pages : 460

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Book Description
Professor Dreze is a highly respected mathematical economist and econometrician. This book brings together some of his major contributions to the economic theory of decision making under uncertainty, and also several essays. These include an important essay on 'Decision theory under moral hazard and state dependent preferences' that significantly extends modern theory, and which provides rigorous foundations for subsequent chapters. Topics covered within the theory include decision theory, market allocation and prices, consumer decisions, theory of the firm, labour contracts, and public decisions.