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Connections Between Input and State-Contingent Output

Chapter
Part of the SpringerBriefs in Economics book series (BRIEFSECONOMICS)

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.

Keywords

State-contingent output Joint production State-specific input State-flexible input State-general input Transformation curve 

References

  1. Chambers, R., & Quiggin, J. (2000). Uncertainty production, Choices, and agency. The state-contingent approach. Cambridge: Cambridge University Press.Google Scholar
  2. Rasmussen, S. (2011). Production economics the basic theory of production optimisation. Berlin: Springer.Google Scholar

Copyright information

© Svend Rasmussen 2011

Authors and Affiliations

  1. 1.Institute of Food and Resource EconomicsUniversity of CopenhagenFrederiksberg C, CopenhagenDenmark

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