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Risk, Uncertainty And The Agricultural Firm:

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Author Info

  • Charles B Moss

    (University of Florida, USA)

Abstract

This text is the first major survey of risk analysis from the perspective of the agricultural firms since Agricultural Decision Analysis by Anderson, Dillon, and Hardaker published in 1977. In addition to updating the traditional material from that text, this book includes the statistical foundations of decision making under risk and uncertainty. Adding to the material covered in Anderson, Dillon, and Hardaker, the text includes material on dynamic decision rules, the arbitrage pricing model, real options theory, and state-contingent production relationships. Risk, Uncertainty, and the Agricultural Firm provides a unique discussion of each application — developing the theoretical basis for each model and presenting an empirical roadmap (or the “nuts and boltsâ€) of each model to facilitate the empirical application of each technique.

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File URL: http://www.worldscientific.com/worldscibooks/10.1142/7469
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Bibliographic Info

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This book is provided by World Scientific Publishing Co. Pte. Ltd. in its series World Scientific Books with number 7469 and published in 2010.

ISBN: 9789814287623
Handle: RePEc:wsi:wsbook:7469

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Web page: http://ebooks.worldscinet.com/

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Related research

Keywords: Agricultural Economics; Decision Making under Uncertainty; Agricultural and Resource Policy; Proprietary Firms; Applied Finance;

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Cited by:
  1. Xavier Vollenweider, 2014. "A simple framework for the estimation of climate exposure," Grantham Research Institute on Climate Change and the Environment Working Papers 158, Grantham Research Institute on Climate Change and the Environment.
  2. Bulut, Harun & Collins, Keith J., 2013. "Political Economy of Crop Insurance Risk Subsidies under Imperfect Information," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150577, Agricultural and Applied Economics Association.

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