Add to ORKGhave used state-contingent production theory to establish important results concerning economic behaviour in the presence of uncertainty, including problems of consumer choice, the theory of the firm, and principal-agent relationships. Empirical application of the state contingent approach has proved difficult, not least because most of the data needed for applying standard econometric methods are lost in unrealized states of the world. O'Donnell and Griffiths (2006) show how a restrictive type of state-contingent technology can be estimated in a fi-nite mixtures framework. This paper shows how Bayesian methodology can be used to estimate more flexible types of state-contingent technologies
Empirical application of state-contingent approach has proved difficult, not because this approach i...
In this article, we present one of the first real-world empirical applications of state-contingent p...
In this article, we present one of the first real-world empirical applications of state-contingent p...
Chambers and Quiggin (2000) have used state-contingent production theory to establish important resu...
Chambers and Quiggin (2000) have used state-contingent production theory to establish important resu...
The state-contingent approach developed by Chambers and Quiggin (2000) constitutes an attractive ble...
Chambers and Quiggin (2000) use state-contingent representations of risky production technologies to...
Chambers and Quiggin (2000) use state-contingent representations of risky production technologies to...
Chambers and Quiggin (2000) use state-contingent representations of risky production technologies to...
The central claim of this paper is that the state-contingent approach provides the best way to think...
The central claim of this paper is that the state-contingent approach provides the best way to think...
In this paper we model production technology in a state-contingent framework. Our model analyzes pro...
In this paper we model production technology in a state-contingent framework. Our model analyzes pr...
In this article we model production technology in a state-contingent framework. Our model analyzes p...
In a recent paper Rasmussen (Rasmussen 2003) derived criteria for optimal production under uncertain...
Empirical application of state-contingent approach has proved difficult, not because this approach i...
In this article, we present one of the first real-world empirical applications of state-contingent p...
In this article, we present one of the first real-world empirical applications of state-contingent p...
Chambers and Quiggin (2000) have used state-contingent production theory to establish important resu...
Chambers and Quiggin (2000) have used state-contingent production theory to establish important resu...
The state-contingent approach developed by Chambers and Quiggin (2000) constitutes an attractive ble...
Chambers and Quiggin (2000) use state-contingent representations of risky production technologies to...
Chambers and Quiggin (2000) use state-contingent representations of risky production technologies to...
Chambers and Quiggin (2000) use state-contingent representations of risky production technologies to...
The central claim of this paper is that the state-contingent approach provides the best way to think...
The central claim of this paper is that the state-contingent approach provides the best way to think...
In this paper we model production technology in a state-contingent framework. Our model analyzes pro...
In this paper we model production technology in a state-contingent framework. Our model analyzes pr...
In this article we model production technology in a state-contingent framework. Our model analyzes p...
In a recent paper Rasmussen (Rasmussen 2003) derived criteria for optimal production under uncertain...
Empirical application of state-contingent approach has proved difficult, not because this approach i...
In this article, we present one of the first real-world empirical applications of state-contingent p...
In this article, we present one of the first real-world empirical applications of state-contingent p...