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Risk In Supply: The Case Of U.S. Pinto Beans

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  • Ryan, Timothy J.

Abstract

A standard model of behaviour under uncertainty is used to suggest price interaction (risk) terms for use in a positive supply study. Linearity is assumed and O.L.S. used. The risk terms greatly improve the statistical fit of the Pinto bean supply response, are quantitatively important and a substantial bias occurs if they are neglected.

Suggested Citation

  • Ryan, Timothy J., 1977. "Risk In Supply: The Case Of U.S. Pinto Beans," 1977 AAEA-WAEA Joint Meeting, July 31-August 3, San Diego, California 283671, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea77:283671
    DOI: 10.22004/ag.econ.283671
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    Cited by:

    1. Amina Al Naabi & Shekar Bose, 2020. "Do Regulatory Measures Necessarily Affect Oman’s Seafood Export-Supply?," SAGE Open, , vol. 10(3), pages 21582440209, August.
    2. Bahareh Mosadegh Sedghy & Rémy Lambert & Lota Dabio Tamini, 2016. "Supply response of corn farmers in Quebec: Analyzing the impact of prices volatility?," Cahiers de recherche CREATE 2016-1, CREATE.
    3. Mosadegh Sedghy, Bahareh & Tamini, Lota D. & Lambert, Remy, 2021. "Implications of the state assistance program in the province of Quebec: the case of lamb production," MPRA Paper 112162, University Library of Munich, Germany.

    More about this item

    Keywords

    Risk and Uncertainty;

    Statistics

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