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Incomplete Variational Preferences
We examine incomplete preference structures in a framework that allows for various relaxations of the independence axiom. We derive preference representations in terms of willingness-to-pay measures, and demonstrate how ...
Estimating Ex Ante Cost Functions for Stochastic Technologies
This paper revisits the problem of estimating ex ante cost functions previously studied by Pope and Just (1996) and Moschini (2001). An ex ante cost function that generalizes their ex ante cost functions is introduced, and ...