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Erschienen in:
1989 | OriginalPaper | Buchkapitel
The Optimal Reaction of Production and Investment on Uncertainty
verfasst von : Karl Aiginger
Erschienen in: Factors in Business Investment
Verlag: Springer Berlin Heidelberg
Enthalten in: Professional Book Archive
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In this paper we show under which conditions uncertainty theory provides an unambiguous answer to the question whether firms in an uncertain environment will produce and invest more, the same, less than under certainty. In chapter 2 general models are developed which in principle apply to all decisions under uncertainty, though the decision variable is interpreted here mainly as production (for an overview see Aiginger 1987).