Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/59092
Year of Publication: 
2011
Citation: 
[Journal:] Revista de Métodos Cuantitativos para la Economía y la Empresa [ISSN:] 1886-516X [Volume:] 11 [Publisher:] Universidad Pablo de Olavide [Place:] Sevilla [Year:] 2011 [Pages:] 33-40
Publisher: 
Universidad Pablo de Olavide, Sevilla
Abstract (Translated): 
In this paper we present a reformulation of a lemma due to Lippman and McCall - initially formulated a unique random variable - to be applied to the case of several random variables, and we illustrate its use in the theory of the firm under uncertainty. We have performed this on a recent model of the theory, for which the respective optimal levels chosen by the firm with and without uncertainty are compared in a more direct way than that used originally by its authors. We also make use of the lemma, in the context of the same model, to study the effect of a variation in risk aversion, which had not been studied before.
Subjects: 
uncertainty modelling
firm under uncertainty
uncertainty in several variables
JEL: 
D81
C00
Creative Commons License: 
cc-by-sa Logo
Document Type: 
Article

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