Showing 1 - 10 of 593
This paper presents a personal view of the interaction between the analysis of choice under uncertainty and the … analysis of production under uncertainty. Interest in the foundations of the theory of choice under uncertainty was stimulated … by applications of expected utility theory such as the Sandmo model of production under uncertainty. This interest led to …
Persistent link: https://www.econbiz.de/10009447884
Persistent link: https://www.econbiz.de/10010353229
Persistent link: https://www.econbiz.de/10010434915
Rangelands and pastures are found in every state and cover 55% of the land surface of the United States. Taken as a whole, from Western deserts and grasslands to meadows and woodlands, rangelands comprise some 364 million ha or 80% of the land in the 17 Western states. The vast expanses and...
Persistent link: https://www.econbiz.de/10009429520
The rise of ecosystem management as an approach to renewable resource policy increases the demand for empirical bioeconomics. This paper provides a working definition of bioeconometrics and a taxonomy of model types. A bioeconometric model is a structural model that econometrically estimates one...
Persistent link: https://www.econbiz.de/10009444685
Rapid and comprehensive reduction in barriers to international trade has often been followed by a sharp deterioration in the current account. The macroeconomic counterpart of the deterioration has typically been a decline in private savings; no clear response pattern has been observed for...
Persistent link: https://www.econbiz.de/10009460021