000028561 001__ 28561
000028561 005__ 20170824173501.0
000028561 037__ $$a1667-2016-136196
000028561 041__ $$aen
000028561 245__ $$aSEPARABILITY OF STOCHASTIC PRODUCTION DECISIONS FROM PRODUCER RISK PREFERENCES IN THE PRESENCE OF FINANCIAL MARKETS
000028561 260__ $$c2002
000028561 269__ $$a2002
000028561 270__ $$mbobc@arec.umd.edu$$pChambers,   Robert G.
000028561 300__ $$a22
000028561 336__ $$aWorking or Discussion Paper
000028561 446__ $$aEnglish
000028561 490__ $$aWorking Paper WP 02-19
000028561 520__ $$aThis paper presents a unified treatment of the production and financial decisions available to a firm facing frictionless financial markets and a stochastic production technology under minimal assumptions on the firm's stochastic technology and objective function. The specific focus is on separation results for stochastic technologies, that is, on conditions under which the optimal production decision may be determined without regard to the risk preferences of the firm's owners. Necessary and sufficient conditions for separation, which generalize existing results, are presented.
000028561 650__ $$aFinancial Economics
000028561 650__ $$aProduction Economics
000028561 650__ $$aRisk and Uncertainty
000028561 700__ $$aChambers, Robert G.
000028561 700__ $$aQuiggin, John C.
000028561 8564_ $$s427262$$uhttp://ageconsearch.umn.edu/record/28561/files/wp02-19.pdf
000028561 887__ $$ahttp://purl.umn.edu/28561
000028561 909CO $$ooai:ageconsearch.umn.edu:28561$$qGLOBAL_SET
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  Previous issue date: 2002
000028561 982__ $$gUniversity of Maryland>Department of Agricultural and Resource Economics>Working Papers
000028561 980__ $$a1667