Essays on Economic Decisions Under Uncertainty

Essays on Economic Decisions Under Uncertainty
Author :
Publisher : CUP Archive
Total Pages : 460
Release :
ISBN-10 : 0521386977
ISBN-13 : 9780521386975
Rating : 4/5 (77 Downloads)

Book Synopsis Essays on Economic Decisions Under Uncertainty by : Jacques Drèze

Download or read book Essays on Economic Decisions Under Uncertainty written by Jacques Drèze and published by CUP Archive. This book was released on 1990-05-25 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt: Professor Dreze is a highly respected mathematical economist and econometrician. This book brings together some of his major contributions to the economic theory of decision making under uncertainty, and also several essays. These include an important essay on 'Decision theory under moral hazard and state dependent preferences' that significantly extends modern theory, and which provides rigorous foundations for subsequent chapters. Topics covered within the theory include decision theory, market allocation and prices, consumer decisions, theory of the firm, labour contracts, and public decisions.


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The Fundamental Issues Involved Why do we need a theory of uncertainty? It is a fact that almost all man's economic decisions are made under conditions of uncer