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| Author |
Angelova, D. |
| Title |
The state-contingent approach to production and choice under uncertainty: usefulness as a basis for economic modeling |
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Report |
| Year |
2014 |
Publication |
FACCE MACSUR Reports |
Abbreviated Journal |
FACCE MACSUR Rep. |
| Volume |
3 |
Issue |
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Sp3-8 |
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| Abstract |
The state-contingent approach developed by Chambers and Quiggin (2000) constitutes an attractive blend of a theory of production analysis under uncertainty and a theory of decision-making under uncertainty.One of the goals of this contribution is to introduce the reader to the approach by outlining its contents while comparing and contrasting it to related theories. With respect to production analysis: an emphasis is made on the ability of the approach to deliver well defined cost functions corresponding to stochastic production technologies. With respect to decision-making under uncertainty: the comparison with other theories consistent with a rational agent emphasizes the production theoretical basis of the state-contingent approach.It is the author’s belief that appropriately categorizing the state-contingent approach serves the primary goal of this work: to explore its usefulness as a basis for economic modeling. Some challenges regarding an empirical implementation are discussed: challenges in estimating the parameters of a state-contingent technology representation in general, as well as challenges arising from the fact that the approach is constructed around the argument pioneered by Leonard J Savage: that probabilities underlying economic decision-making are inherently subjective.(The financial support of ScienceCampus Halle is gratefully acknowledged.) No Label |
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FACCE MACSUR Reports |
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3 |
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MA @ admin @ |
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2225 |
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Bojar, W.; Dzieza, G.; Sikora, M.; Spiewak, J.; Wyszkowska, Z.; Januszewski, A.; Zóltowski, M. |
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Wybrane metody ograniczania dzialania czynników ryzyka w rolnictwie w swietle wspólczesnych wyzwan (Selected methods of limiting of risk factors in agriculture in a view of contemporary challenges) Y ograniczania dzialania czynników ryzyka w rolnictwie |
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Journal Article |
| Year |
2014 |
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Roczniki naukowe ekonomii rolnictwa i rozwoju obszarów wiejskich |
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101(4) |
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7-18 |
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MA @ admin @ |
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2076 |
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Acharya, T.; Fanzo, J.; Gustafson, D.; Ingram, J.; Schneeman, B.; Allen, L.; Boote, K.; Drewnowski, A.; Ewert, F.; Hall, S.; Hendley, P.; Howden, M.; Janssen, S.; Jones, J.; Latulippe, M.; Lotze-Campen, H.; McDermott, J.; Meijl, H.V.; Nelson, G.; Newsome, R.; Roulin, A.; Scholes, B.; Tanumihardjo, S.; Tavill, G.; van der Mensbrugghe, D.; Wiebe, K. |
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Assessing Sustainable Nutrition Security: The Role of Food Systems: Working Paper |
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Report |
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2014 |
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ftnotmacsur |
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Washington, D.C., U.S.A. |
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ILSI Research Foundation: Center for Integrated Modeling of Sustainable Agriculture and Nutrition Security |
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TradeM |
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MA @ admin @ |
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4995 |
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Mitter, H.; Schmid, E.; Schneider, U.A. |
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Modelling impacts of drought and adaptation scenarios on crop production in Austria (Modellierung von Auswirkungen verschiedener Dürre- und Anpassungsszenarien auf die agrarische Pflanzenproduktion in Österreich) |
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Conference Article |
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2014 |
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Jahrbuch der ÖGA |
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24 |
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223-234 |
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24. Jahrestagung der Österreichischen Gesellschaft für Agrarökonomie, 2014-09-25 to 2014-09-26, Vienna |
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TradeM |
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MA @ admin @ |
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5026 |
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Dono, G.; Cortignani, R.; Dell’Unto, D.; Doro, L.; Lacetera, N.; Mula, L.; Pasqui, M.; Quaresima, S.; Vitali, A.; Roggero, P.P. |
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Productive and economic adaptation of Mediterranean agriculture to climate change (Produktive und wirtschaftliche Anpassung der mediterranen Landwirtschaft an den Klimawandel) |
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Conference Article |
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2014 |
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Jahrbuch der ÖGA |
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24 |
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213-222 |
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24. Jahrestagung der Österreichischen Gesellschaft für Agrarökonomie, 2014-09-25 to 2014-09-26, Vienna |
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MA @ admin @ |
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5027 |
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