The Allocation of Resources under Uncertainty

Dellas, Harris; Fernandes, Ana (December 2006). The Allocation of Resources under Uncertainty (Discussion Papers 06-06). Bern: Department of Economics

[img]
Preview
Text
dp0606.pdf - Published Version
Available under License Creative Commons: Attribution (CC-BY).

Download (185kB) | Preview

We study the effects of uncertainty on the allocation of resources in the standard, static, general equilibrium, two-sector, two-factor model. The elasticity of substitution in production vs that in consumption plays a key role in determining whether uncertainty attracts or repels resources. Risk aversion matters, but to a smaller extent, while factor endowments and factor intensities play a more limited role.

Item Type:

Working Paper

Division/Institute:

03 Faculty of Business, Economics and Social Sciences > Department of Economics

UniBE Contributor:

Dellas, Harris and Fernandes, Ana

Subjects:

300 Social sciences, sociology & anthropology > 330 Economics

Series:

Discussion Papers

Publisher:

Department of Economics

Language:

English

Submitter:

Lars Tschannen

Date Deposited:

02 Oct 2020 07:46

Last Modified:

02 Oct 2020 07:46

JEL Classification:

E2, D5, D8

BORIS DOI:

10.7892/boris.145690

URI:

https://boris.unibe.ch/id/eprint/145690

Actions (login required)

Edit item Edit item
Provide Feedback