Stochastic Technology in a Programming Framework: A Generalized E. V. Model

Production uncertainty is important in studying the behavior of risk averse firms and the making of successful agricultural policies. A model which extends the E-V method to incorporate stochastic technology in a programming framework is developed. Risk effects of factor inp~ts are measured for the irrigated multi-crop sector of Sudan. Supply responses of agricultural producers are more elastic when factor inputs are allowed to influence production risks.


Issue Date:
Aug 01 1988
Publication Type:
Conference Paper/ Presentation
Record Identifier:
http://ageconsearch.umn.edu/record/270212
Language:
English
Total Pages:
21




 Record created 2018-03-29, last modified 2018-03-29

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