@article{Hertzler:139791,
      recid = {139791},
      author = {Hertzler, Greg and MacAulay, T. Gordon},
      title = {Small Holders under Risk},
      address = {2006},
      number = {417-2016-26424},
      pages = {23},
      year = {2006},
      abstract = {A generalisation of previous household models is developed  to include production,
consumption, storage, labour and  land allocation decisions under price, yield, storage
and  investment risks. Implications drawn from this model  include, that consumption
can be a hedge against price risk  and that supply curves are shifted by consumption
and by  storage decisions. Production possibilities frontiers  depend upon the
households’ aversion to risk and the  allocation of land to different crops is affected
by every  other decision the household makes. Using hypothetical data  and focussed
on farm households in Vietnam, parameters are  estimated for the model and
simulations are carried out to  examine the consequences of land exchanges and shifts
in  technology.},
      url = {http://ageconsearch.umn.edu/record/139791},
      doi = {https://doi.org/10.22004/ag.econ.139791},
}