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Rethinking Production Under Uncertainty

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NBER2019-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w26535
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资源简介:
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 random
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2019-12-01
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