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Essays in optimal resource allocation under uncertainty with capacity constraints

Citation

Hoffman, Elizabeth (1979) Essays in optimal resource allocation under uncertainty with capacity constraints. Dissertation (Ph.D.), California Institute of Technology. doi:10.7907/qw1g-4b75. https://resolver.caltech.edu/CaltechTHESIS:06262014-103044842

Abstract

This thesis brings together four papers on optimal resource allocation under uncertainty with capacity constraints. The first is an extension of the Arrow-Debreu contingent claim model to a good subject to supply uncertainty for which delivery capacity has to be chosen before the uncertainty is resolved. The second compares an ex-ante contingent claims market to a dynamic market in which capacity is chosen ex-ante and output and consumption decisions are made ex-post. The third extends the analysis to a storable good subject to random supply. Finally, the fourth examines optimal allocation of water under an appropriative rights system.

Item Type:Thesis (Dissertation (Ph.D.))
Subject Keywords:optimal resource allocation ; capacity constraints
Degree Grantor:California Institute of Technology
Division:Humanities and Social Sciences
Major Option:Social Science
Thesis Availability:Public (worldwide access)
Research Advisor(s):
  • Unknown, Unknown
Thesis Committee:
  • Unknown, Unknown
Defense Date:23 September 1978
Funders:
Funding AgencyGrant Number
Department of Energy (DOE)EY-76-G-03-1305
Record Number:CaltechTHESIS:06262014-103044842
Persistent URL:https://resolver.caltech.edu/CaltechTHESIS:06262014-103044842
DOI:10.7907/qw1g-4b75
Default Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:8525
Collection:CaltechTHESIS
Deposited By: Tony Diaz
Deposited On:30 Jun 2014 16:27
Last Modified:16 Apr 2021 23:17

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