Kazakhstan?s agricultural sector plays an important role in the country'seconomy. Not only does it function as an economic output producer, it alsoserves as a social buffer in times of transition to a market economy. Therestructuring process had a strong impact on the economic performance...

Kazakhstanâs agricultural sector plays an important role in the country's economy. Not only does it function as an economic output producer, it also serves as a social buffer in times of transition to a market economy. The restructuring process had a strong impact on the economic performance of...

Limited budget for the purchase of variable inputs might adversely affect producer's input use decisions and might result in a non-optimal input usage. If expenditure constrains are present and binding, unconstrained profit-maximization is not valid for modelling producers' input use decisions....

An ex post measure of risk reduction is commonly used in the literature to predict the potential reduction of farmers’ yield risk due to weather-based index insurance and area-yield crop insurance. In this paper, we evaluate the predictive power of the ex post risk reduction for different...

We present an approach that pursues an adequate representation of product transformation possibilities for a technology generating, in addition to marketed (good) products, some environmentally detrimental non-marketed byproducts (bad outputs). As the shadow price of a non-marketed output...

An adequate representation of the technological trend component of yield time series is of crucial importance for the successful design of risk management instruments. However, for many transition and developing countries, the estimation of the technological trend is complicated by the joint...