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Overview page. Subjects: Medicine and Health.

adj. possessing the ability to respond to a stimulus. The cells of the retina, for example, are sensitive to the stimulus of light and respond by sending nerve impulses to the...

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Asset fixity under state-contingent production uncertainty

Sansi Yang and C Richard Shumway.

in European Review of Agricultural Economics

December 2018; p ublished online July 2018 .

Journal Article. Subjects: Production and Organizations; Agricultural Economics. 11963 words.


Asset fixity of inputs is tested under state-contingent production uncertainty. We construct a general dynamic dual model for U.S. agriculture that...