Showing 1 - 10 of 899
countries. To examine the effects of public risk management programs onoptimal nitrogen fertilizer use and land allocation to …
Persistent link: https://www.econbiz.de/10009445763
management.The second chapter (Hoyle and Cameron 2003, published in Fisheries Management and Ecology) focuses on uncertainty in … modelling to integrated Bayesian modelling using MCMC, via bootstrapping and stochastic simulation. It also covers a broad range … path by looking at genetic mark-recapture in a fisheries management context. Genetic mark-recapture was developed for …
Persistent link: https://www.econbiz.de/10009438291
The twin problems of moral hazard and adverse selection are often blamed for the lack of insurance for many fruits and vegetables. This paper develops an alternative method of testing for adverse selection that uses a two-stage approach to determine the effects of technical inefficiency on the...
Persistent link: https://www.econbiz.de/10009442641
Risk and uncertainty in a water market will generate trading patterns that differ from those expected under conditions … generated by differences in risk. Some farmers will choose to reduce relative risk by purchasing additional water rights whereas … permanent rights markets, farmers who are better able to bear risk are more likely to participate in the spot market than those …
Persistent link: https://www.econbiz.de/10009443454
We analyze a finite horizon, single product, periodic review model in which pricing and production/inventory decisions are made simultaneously. Demands in different periods are random variables that are independent of each other and their distributions depend on the product price. Pricing and...
Persistent link: https://www.econbiz.de/10009432277
broadacre agriculture using non-linear three-stage least squares. This gives a new method of estimating risk aversion … situations. Australian farmers are found to be risk averse, and the partial coefficient of risk aversion decreases with wealth … using a completely different method. This consistency suggests that the partial risk aversion coefficient is a relatively …
Persistent link: https://www.econbiz.de/10009443384
The volatility of agricultural markets has increased remarkably in recent years. In spite of this, the way in which supply chain actors perceive market volatility has only rarely been analyzed. This paper seeks to close this research gap by presenting empirical findings about how the volatility...
Persistent link: https://www.econbiz.de/10009443664
qualities).Due to this lack of market transparency buyers run the risk to paypremium prices for inferior products (quality risks …); furthermore,they run the risk to use or consume substances which are harmful(health risks). Therefore, they will want to design … opportunistic behaviour. We identify abinary stochastic moral hazard model which is able to represent themicroeconomic situation of …
Persistent link: https://www.econbiz.de/10009443685
implication to the risk management is the yield risk may be underestimated under the common selection -- Beta distribution. A …
Persistent link: https://www.econbiz.de/10009444310
Options on agricultural futures are popular financial instruments used for agricultural price risk management and to … resolution of uncertainty in corn supply is resolved between late June and middle of October, i.e. during corn growth phases that …
Persistent link: https://www.econbiz.de/10009444328