Soviet enterprise behavior under uncertainty |
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Authors: | Susan J Linz Robert E Martin |
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Affiliation: | Department of Economics, Louisiana State University, Baton Rouge, Louisiana 70803 USA |
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Abstract: | Input-supply uncertainty is a well-documented characteristic of Soviet economic planning. The formal literature on Soviet enterprise behavior is found to be asymmetric in its development. A more general model of the enterprise's behavior under uncertainty is developed. Among other results, it is demonstrated that all agents, regardless of attitude toward risk, will overorder an input subject to supply uncertainty. |
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