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          Volume 12, Number 01, July 1987 >

Please use this identifier to cite or link to this item: http://purl.umn.edu/32468

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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