Uncertainty, Production, Choice, and Agency: The State-Contingent Approach

1. States of nature 2. State-contingent production 3. Risk aversion, preferences, and probability 4. Indirect and dual representations of stochastic technologies 5. State-contingent production: the theory 6. Production with futures and forward markets 7. Production insurance 8. Production and non point source pollution regulation 9. The moral hazard problem 10. Endogenous reservation utility: agency and exploitation.