Uncertainty, Production, Choice, and Agency - Chambers, Robert G. (University of Maryland, College Park) a Quiggin, John (Australian National University, Canberra)

Demonstrates that the state-contingent approach provides the best way to consider all problems in the economics of uncertainty, including consumer choice, the theory of the firm, and principal agent relationships. The authors show that dual methods apply under uncertainty and that the dual representations can be developed for stochastic technologies.