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A new non-parametric method to estimate a decision maker's coefficient of absolute risk aversion from observed economic behaviour is explained. The method uses the expected value-variance (E-V) framework and quadratic programming. An empirical illustration is given using Norwegian farm-level...
Persistent link: https://www.econbiz.de/10011069227
An extension of utility-efficient programming to the non-linear discrete stochastic programming method was developed and used in the analysis of the economic efficiency of a sample of farmers in Iran. The results indicate that it would be feasible to increase substantially farmers' total net...
Persistent link: https://www.econbiz.de/10010911264
While research-based technological improvements are an important part of a successful agricultural development strategy, the small South Pacific Island Nations face special difficulties in attaining such innovations because of their particular agricultural production and marketing circumstances...
Persistent link: https://www.econbiz.de/10010911300