Compensated optimal response under uncertainty in agricultural household models Reportar como inadecuado




Compensated optimal response under uncertainty in agricultural household models - Descarga este documento en PDF. Documentación en PDF para descargar gratis. Disponible también para leer online.

This study derives the qualitative properties of a household's optimal consumption, family labour, hired labourand non-labour input choices under price andjor output risk through a Slutsky-type compensation without imposingany restriction on risk preference structure or production technology. These compensated responses provide theunderpinning for welfare analysis in agricultural household models under risk. The framework for the evaluation ofwelfare effects of product and factor price interventions in a setting of output and price risk is developed. The paperalso outlines an empirical model for estimation of the compensated demand and supply responses and for validationof the paper's analytical results.

Subject(s): Consumer/Household Economics

Risk and Uncertainty

Issue Date: 1994-12

Publication Type: Journal Article

PURL Identifier: http://purl.umn.edu/173486 Published in: Agricultural Economics: The Journal of the International Association of Agricultural Economists, Volume 11, Issue 2-3 Page range: 111-123

Total Pages: 14

Record appears in: International Association of Agricultural Economists (IAAE) > Agricultural Economics: The Journal of the International Association of Agricultural Economists





Autor: Saha, Atanu

Fuente: http://ageconsearch.umn.edu/record/173486?ln=en







Documentos relacionados