@article{Saha:173486,
      recid = {173486},
      author = {Saha, Atanu},
      title = {Compensated optimal response under uncertainty in  agricultural household models},
      journal = {Agricultural Economics: The Journal of the International  Association of Agricultural Economists},
      address = {1994-12},
      number = {968-2016-75225},
      pages = {14},
      year = {1994},
      abstract = {This study derives the qualitative properties of a  household's optimal consumption, family labour, hired  labour
and non-labour input choices under price andjor  output risk through a Slutsky-type compensation without  imposing
any restriction on risk preference structure or  production technology. These compensated responses provide  the
underpinning for welfare analysis in agricultural  household models under risk. The framework for the  evaluation of
welfare effects of product and factor price  interventions in a setting of output and price risk is  developed. The paper
also outlines an empirical model for  estimation of the compensated demand and supply responses  and for validation
of the paper's analytical results.},
      url = {http://ageconsearch.umn.edu/record/173486},
      doi = {https://doi.org/10.22004/ag.econ.173486},
}