1990 Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk Meeting, January 28-31, 1990, Sanibel Island, Florida

Optimal capital structure is one of the more important decisions farmers make. This study quantitatively examines how optimal capital structure may change as land quality [...]

Results of Chamberlain and Meyer are combined to extend Meyer's location-scale condition to portfolio choice models where the distribution of returns is elliptically symm [...]

Decisions concerning strategic investments create risks associated with time and switching costs. In the case of cotton growers in Arizona, the decision to adopt laser le [...]

An acreage supply response model is developed under expected utility maximization. The resulting framework is used to specify and estimate a system of risk-responsive acr [...]

Approaches to aggregation are reviewed. These consist of random parameters, random right hand side variables (Stoker's approach}. and exact aggregation. Each approach uti [...]

This paper identifies major issues in the development of firm level models for use by multiple participants in a regional research project. Included among the issues are [...]

This paper reviews two major approaches used in the past for risk analysis-the expected utility approach and the use of safety rules-and endeavors to reconcile their appl [...]