Abstract
This chapter focuses on the production process, and especially the relationship between state of nature, choice of input and production of output, and it introduces the concepts of state-general, state-specific and state-flexible inputs.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Notes
- 1.
Chambers and Quiggin (2000) describe such a technology as “State-allocable input technology”
References
Chambers, R., & Quiggin, J. (2000). Uncertainty production, Choices, and agency. The state-contingent approach. Cambridge: Cambridge University Press.
Rasmussen, S. (2011). Production economics the basic theory of production optimisation. Berlin: Springer.
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2011 Svend Rasmussen
About this chapter
Cite this chapter
Rasmussen, S. (2011). Connections Between Input and State-Contingent Output. In: Optimisation of Production Under Uncertainty. SpringerBriefs in Economics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-21686-2_7
Download citation
DOI: https://doi.org/10.1007/978-3-642-21686-2_7
Published:
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-21685-5
Online ISBN: 978-3-642-21686-2
eBook Packages: Business and EconomicsEconomics and Finance (R0)