Implications of Uncertainty Theory to the Practical Functioning of the Agricultural Firm
Author: Walter D. Gainer
Publisher:
Published: 1947
Total Pages: 168
ISBN-13:
DOWNLOAD EBOOKRead and Download eBook Full
Author: Walter D. Gainer
Publisher:
Published: 1947
Total Pages: 168
ISBN-13:
DOWNLOAD EBOOKAuthor: Charles Britt Moss
Publisher: World Scientific
Published: 2010
Total Pages: 307
ISBN-13: 9814287636
DOWNLOAD EBOOK1. Introduction. 1.1. Formulating the risk problem. 1.2. Decision criteria. 1.3. Decision making under risk : fact and fiction -- 2. Probability theory - a mathematical basis for making decisions under risk and uncertainty. 2.1. Set theory and probability. 2.2. Random variables. 2.3. Conditional probability and independence. 2.4. Some useful distribution functions. 2.5. Expected value, moments, and the moment generating function. 2.6. Estimating probability functions. 2.7. Martingales and random walks. 2.8. Summary -- 3. Expected utility - the economic basis of decision making under risk. 3.1. Consumption and utility. 3.2. Expected utility. 3.3. Expected value - variance and expected utility models. 3.4. Problems with expected utility. 3.5. Summary -- 4. Risk aversion in the large and small. 4.1. Arrow-Pratt risk aversion coefficient. 4.2. Eliciting risk aversion coefficients. 4.3 Summary -- 5. Portfolio theory and decision making under risk. 5.1. The expected value - variance frontier. 5.2. A simple portfolio. 5.3. A graphical depiction of the expected value-variance frontier. 5.4. Mean-variance versus direct utility maximization. 5.5. Derivation of the expected value-variance frontier. 5.6. Summary -- 6. Whole farm-planning models. 6.1. Farm portfolio models. 6.2. Minimize total absolute deviation. 6.3. Focus-loss. 6.4. Target MOTAD. 6.5. Direct utility maximization. 6.6. Discrete sequential stochastic programming. 6.7. Chance-constrained programming. 6.8. Interpreting shadow values from risk programming models. 6.9. Summary -- 7. Risk efficiency approaches - stochastic dominance. 7.1. Stochastic dominance. 7.2. Applications of stochastic dominance. 7.3. Summary -- 8. Dynamic decision rules and the value of information. 8.1. Decision making and Bayesian probabilities. 8.2. Concepts of information. 8.3. A model of information. 8.4. Summary -- 9. Market models of decision making under risk. 9.1. Risk equilibrium from the consumer's point of view. 9.2. The role of the riskless asset. 9.3. Risk equilibrium from the firm's perspective. 9.4. Arbitrage pricing theorem. 9.5. Empirical applications of capital market models. 9.6. Summary -- 10. Option pricing approaches to risk. 10.1. Introductions to options and futures. 10.2. Real option valuation. 10.3. Crop insurance. 10.4. Summary -- 11. State contingent production model : the stochastic production set. 11.1. Depicting risk and input decisions in the production function. 11.2. State Production set and input requirement set. 11.3. Distance functions and risk aversion. 11.4. Summary -- 12. Risk, uncertainty, and the agricultural firm - a summary and outlook
Author:
Publisher:
Published: 1948
Total Pages: 64
ISBN-13:
DOWNLOAD EBOOKAuthor: University of Bristol. Department of Economics (Agricultural Economics)
Publisher:
Published: 1961
Total Pages: 40
ISBN-13:
DOWNLOAD EBOOKAuthor: Andrew C. Corbett
Publisher: Emerald Group Publishing
Published: 2012-07-17
Total Pages: 327
ISBN-13: 1780529015
DOWNLOAD EBOOKVolume 14 addresses the central issue of entrepreneurial action: while many factors are important to the phenomenon of entrepreneurship, entrepreneurship does not happen until someone takes action!
Author: Iowa State University. Graduate College
Publisher:
Published: 1945
Total Pages: 480
ISBN-13:
DOWNLOAD EBOOKAuthor: Adam Ozanne
Publisher:
Published: 1992
Total Pages: 200
ISBN-13:
DOWNLOAD EBOOKThe law of supply is one of the simplest and most powerful predictions of neoclassical economic theory. However, like all theories, it is based upon a number of assumptions, departure from which may jeopardise its predictions. This book investigates such departures and the possibility that they may result in perverse supply response in agriculture.
Author: Iowa State University. Library
Publisher:
Published: 1947
Total Pages: 64
ISBN-13:
DOWNLOAD EBOOKAuthor: Kenneth H Baum
Publisher: CRC Press
Published: 2019-03-08
Total Pages: 442
ISBN-13: 0429705417
DOWNLOAD EBOOKMicroeconomic modeling has been an important tool for agricultural economists for several decades and promises to be important for ad-dressing the research problems of the 1980s as well. This volume explores the possibilities for using micromodeling to analyze how individual farm businesses react to and are affected by farm policies. Although this purpose represents only one potential use of micro-modeling, effective modeling for policy analysis necessitates a broad look from several historical, analytical, and institutional perspectives. The Micromodeling Conference held November 18-20, 1981, at Airlie House, Virginia, under the auspices of the U.S. Department of Agri-culture's Economic Research Service and the Farm Foundation reflected these concerns.
Author:
Publisher:
Published: 1981
Total Pages: 220
ISBN-13:
DOWNLOAD EBOOK