Lee, Young-jae; Kennedy, Lynn - In: Asian journal of agriculture and rural development : AJARD 3 (2013) 2, pp. 46-55
This study seeks to determine the workings of a system of acreage allocation given price and yield uncertainty so as to identify the role that uncertainty in market output has in acreage allocation decisions. This study adapts expected utility as developed by Chavas and Holt. The major findings...
