首页 | 本学科首页   官方微博 | 高级检索  
     


Resource allocation in a general equilibrium model of production under uncertainty: The case of variable supply of labor
Authors:Eden S. H. Yu  Charles A. Ingene
Affiliation:1. Department of Economics, Louisiana State University, Baton Rouge, Louisiana 70803 USA;2. Department of Marketing, University of Washington, Seattle, Washington 98195 USA;1. School of Mechanical and Automotive Engineering, South China University of Technology, Guangzhou 510640, China;2. School of Physics, South China University of Technology, Guangzhou 510640, China;1. CICERO, Center for International Climate and Environmental Research – Oslo, P.O. Box 1129, Blindern, N-0318 Oslo, Norway;2. International Centre for Integrated Mountain Development (ICIMOD), Post Box # 3226, Kathmandu, Nepal;3. Centre for International Forestry Research (CIFOR), P.O. Box 0113 BOCBD, Bogor 16000, Indonesia;4. South Asian Network for Development and Environmental Economics (SANDEE), PO Box 8975, EPC 1056 Kathmandu, Nepal;5. GRID-Arendal, P.O. Box 183, N-4802 Arendal, Norway;6. WWF Nepal, P.O. Box 7660, Baluwatar, Kathmandu, Nepal
Abstract:This paper examines the effects of a marginal change in uncertainty on resource allocation and factor rewards by relaxing the assumption of factor inelasticity. We demonstrate that integrating a variable labor supply into Batra's two-sector uncertainty model can mitigate or reverse many of the earlier results. Specifically, a marginal increase in uncertainty may trigger the resource to move from the certainty sector to the uncertainty sector in the presence of a backward-bending labor supply curve.
Keywords:
本文献已被 ScienceDirect 等数据库收录!
设为首页 | 免责声明 | 关于勤云 | 加入收藏

Copyright©北京勤云科技发展有限公司  京ICP备09084417号