Twenty-one pastoralists in the West Darling region of New South Wales were interviewed to gain an understanding of the attitudes of managers in this high-risk pastoral area to uncertain prospects. It was found that pastoralists had no difficulty in specifying subjective probabilities but in...

Two models of technical inefficiency with a stochastic production frontier are considered in this paper. In the first model, it is assumed that the frontier itself does not vary with time, while in the second, the frontier is allowed to move. These models are applied to four years of panel data...

This paper uses cross-sectional data collected from 375 smallholder yam farmers in Ghana in 2010 to examine whether the adoption of yam minisett technology had an effect on the technical efficiency of production of the yam farmers. We correct for endogeneity in adoption and employ stochastic...