Essays on Economic Decisions Under Uncertainty

Essays on Economic Decisions Under Uncertainty

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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.... and conditional utilities Examples of state-dependent preferences proposed in the literature include situations where some states specify that a#39;youa#39; are alive and others that a#39;youa#39; are dead; or situations where a#39;youa#39; plan a winter vacation at aanbsp;...

Title:Essays on Economic Decisions Under Uncertainty
Author: Jacques Drèze
Publisher:CUP Archive - 1990-05-25

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