Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply …

applications of risk and stochastic programming models focus on the optimisation of production planning, while literature on the … paper is to analyse the effects of different risk management instruments on the certainty equivalent of case study farms in … three different regions. Specifically, the applied Expected Utility Model analyses on-farm risk management instruments and …

specialisation as the classical instruments of coping with production risk. Althoughthe measurement of embedded risk is often …

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 …

This paper develops an analytical model able to represent the decisions of an individual risk averse farmer facing … variability in both prices and yields. A comprehensive set of stylised risk reducing policy measures is represented. A calibration … between policy measures and market strategies in terms of impacts on production, welfare and risk. Risk reducing strategies …

This paper estimates optimal hedging ratios for a Finnish spring wheat producer under price and yield risk. The forward … yield volatility are estimated from the field experiment data. A range of coefficients of absolute risk aversion are used in …

individually to determine if they were effective in minimizing down side risk, and combined to determine if integration created … side risk in wheat and corn, but not significantly in soybeans. Marketing alternatives generally increase the up side … potential of gross revenue per acre, while doing little to minimize the down side risk. The integration of crop insurance …

expanded period of the cycle of production and to the risk that this activity entails, are situations that appoint the future …