Risk, uncertainty, and the agricultural firm:
Saved in:
Bibliographic Details
Main Author: Moss, Charles B., (Charles Britt) (Author)
Format: Electronic eBook
Language:English
Published: Singapore World Scientific ©2010
Subjects:
Online Access:FAW01
FAW02
Volltext
Item Description:Includes bibliographical references and index
Introduction -- Probability theory--A mathematical basis for making decisions under risk and uncertainty -- Expected utility--The economic basis of decision making under risk -- Risk aversion in the large and small -- Portfolio theory and decision making under risk -- Whole farm-planning models -- Risk efficiency approaches--Stochastic dominance -- Dynamic decision rules and the value of information -- Market models of decision making under risk -- Option pricing approaches to risk -- State contingent production model: The stochastic production set -- Risk, uncertainty, and the agricultural firm--A summary and outlook
This text is the first major survey of risk analysis from the perspective of the agricultural firms since "Agricultural Decision Analysis" by Anderson, Dillon, and Hardaker published in 1977. In addition to updating the traditional material from that text, this book includes the statistical foundations of decision making under risk and uncertainty. Adding to the material covered in Anderson, Dillon, and Hardaker, the text includes material on dynamic decision rules, the arbitrage pricing model, real options theory, and state-contingent production relationships
Physical Description:1 Online-Ressource (xiv, 292 pages)
ISBN:9789814287623
9789814287630
9814287628
9814287636

There is no print copy available.

Interlibrary loan Place Request Caution: Not in THWS collection! Get full text