The Marginalist Principle in a Discrete Production Model under Uncertain Demand

Abstract

I. Introduction, 684. — II. The simplest case: two processes — one capital good, 685. — III. Many capital goods and many production processes, 690. — IV. Convexity of v e ( b ), 692. — V. Continuity of the MRS under excess capacity, 693. — VI. A class of corner solutions with no excess capacity, 697. — VII. Existence of an interior optimum when processes are numerous, 698. — VIII. Conditions for strict convexity of v e ( b ), 701.