FARM FINANCIAL STRUCTURE DECISIONS UNDER DIFFERENT INTERTEMPORAL RISK BEHAVIORAL CONSTRUCTS

An alternative unconstrained expected-utility maximization model of farm debt is developed using the location-scale parameter condition that incorporates the empirically validated hypotheses of decreasing absolute and constant relative risk aversion. Simulation-optimization results based on the old and new model versions provide interesting implications for various levels of risk aversion and initial equity investments.

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Year of publication:	2004
Authors:	Nelson, Carl H. ; Escalante, Cesar L.
Institutions:	Southern Agricultural Economics Association - SAEA
Subject:	Risk and Uncertainty

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Extent:	application/pdf
Series:	2004 Annual Meeting, February 14-18, 2004, Tulsa, Oklahoma.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2004 Annual Meeting, February 14-18, 2004, Tulsa, Oklahoma Number 34756
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005805256