Publication Date
6-1987
Series Number
87-WP 25
Abstract
A simple two-input and one-output model is used to examine the effects of variable input price uncertainty on a quasi-fixed factor. These theoretical results, applied to a livestock firm, indicate that choice of the quasi-fixed factor depends upon the attitude of the farmer toward risk and whether the inputs are complements, substitutes, or independents.
Copyright Owner
Author(s)
Copyright Date
1987
Recommended Citation
Devadoss, S. and Choi, E. Kwan, "Input Price Uncertainty and Factor Demand" (1987). CARD Working Papers. 51.
https://lib.dr.iastate.edu/card_workingpapers/51
Included in
Agricultural and Resource Economics Commons, Agricultural Economics Commons, Macroeconomics Commons
