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Western Journal of Agricultural Economics >
Volume 12, Number 01, July 1987 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/32468
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| Title: | IDENTIFYING THE SET OF SSD-EFFICIENT MIXTURES OF RISKY ALTERNATIVES |
| Authors: | McCamley, Francis P.
Kliebenstein, James B. |
| Issue Date: | 1987-07 |
| Abstract: | Target MOTAD and other direct utility-maximization models provide one way of computing SSD-efficient mixtures. These models are appropriate when the utility function is known and can also be used to identify part of the set of SSD-efficient mixtures even when the utility function is not known. However, they do not always identify all SSD-efficient mixtures. A grid method was proposed by Bawa, Lindenberg, and Rafsky. A third approach, which extends the work of Dybvig and Ross, is presented here. It is illustrated by applying it to data from Anderson, Dillon, and Hardaker. |
| URI: | http://purl.umn.edu/32468 |
| Institution/Association: | Western Journal of Agricultural Economics>Volume 12, Number 01, July 1987 |
| Total Pages: | 9 |
| Language: | English |
| From Page: | 86 |
| To Page: | 94 |
| Collections: | Volume 12, Number 01, July 1987
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| 12010086.pdf | 764Kb | PDF | View/Open |
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