- Tytuł:
- Exchange of goods while investing into production and safety
- Autorzy:
- Hausken, K.
- Powiązania:
- https://bibliotekanauki.pl/articles/406346.pdf
- Data publikacji:
- 2013
- Wydawca:
- Politechnika Wrocławska. Oficyna Wydawnicza Politechniki Wrocławskiej
- Tematy:
-
production
safety
exchange
risk
trade
price - Opis:
- The tradeoff between production and safety investment is scrutinized for two agents who convert resources into production and safety investment while simultaneously exchanging goods voluntarily. We quantify how two Cobb–Douglas parameters, one scaling production versus safety, and the other scaling the relative importance of two goods, impact two agents’ production, safety effort, incomes, export, import, price, and utilities. An agent’s income from producing a good reaches a maximum for an intermediate value of the Cobb–Douglas parameter that scales the importance of productive effort relative to safety effort. The price of good 2 in terms of good 1, and the agents’ utilities depend on both the Cobb–Douglas parameters, the productivity parameter, and both agents’ resources and unit costs of production and safety effort.
- Źródło:
-
Operations Research and Decisions; 2013, 23, 1; 29-35
2081-8858
2391-6060 - Pojawia się w:
- Operations Research and Decisions
- Dostawca treści:
- Biblioteka Nauki
Artykuł