THE REPRESENTATION OF RISK IN ECONOMETRIC MODELS OF SUPPLY: SOME OBSERVATIONS

The high correlation between many of the measures used to represent risk in econometric models of supply is demonstrated. A case is made for a very simple measure, the moving range, to be used to represent risk in these models.

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Year of publication:	1982
Authors:	Brennan, John P.
Published in:	Australian Journal of Agricultural Economics. - Australian Agricultural and Resource Economics Society - AARES. - Vol. 26.1982, 02
Publisher:	Australian Agricultural and Resource Economics Society - AARES
Subject:	Risk and Uncertainty

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005525527