@article{Shankar:229825,
      recid = {229825},
      author = {Shankar, Sriram},
      title = {Production economics in the presence of risk},
      journal = {Australian Journal of Agricultural and Resource Economics},
      address = {2012-12},
      number = {428-2016-28056},
      pages = {24},
      year = {2012},
      abstract = {This paper provides an overview of the literature on  production under the influence of
risk. Various  specifications of stochastic production function such as  models with
additive and multiplicative uncertainty, Just  and Pope model, output-cubical, stateallocable
and  state-general models are discussed. Further, criteria  determining optimal
producer behaviour are derived for  deterministic production technology and for various
kinds  of state-contingent technologies such as output-cubical,  state-specific, stateallocable
and state-general  technologies. Finally, a brief discussion is presented  about
the drawbacks of each of these specifications of  technology.},
      url = {http://ageconsearch.umn.edu/record/229825},
      doi = {https://doi.org/10.22004/ag.econ.229825},
}