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Subjective Production Function Parameters And Risk: Wheat Production In Tunisia

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  • Roe, Terry L.
  • Nygaard, David F.

Abstract

This paper focuses on the problem of decision making when the parameters of the underlying technology are either unknown or are not known with certainty by producers. This problem is considered within the context of Tunisian durum wheat production in Northern Tunisia where farmers ability to accurately perceive the input-output characteristics of both old and new varieties is important to increasing allocative efficiency, decreasing subject risk and encouraging the adoption of high yielding varieties under uncertain climatic conditions.

Suggested Citation

  • Roe, Terry L. & Nygaard, David F., 1979. "Subjective Production Function Parameters And Risk: Wheat Production In Tunisia," Staff Papers 13900, University of Minnesota, Department of Applied Economics.
    • Handle: RePEc:ags:umaesp:13900
    DOI: 10.22004/ag.econ.13900
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    File URL: https://ageconsearch.umn.edu/record/13900/files/21132.pdf
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    References listed on IDEAS

    as
    1. Craig C. Wu, 1977. "Education in Farm Production: The Case of Taiwan," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 59(4), pages 699-709.
    2. Nabil Khaldi, 1975. "Education and Allocative Efficiency in U.S. Agriculture," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(4), pages 650-657.
    3. Gafsi, Salem & Roe, Terry, 1979. "Adoption of Unlike High-yielding Wheat Varieties in Tunisia," Economic Development and Cultural Change, University of Chicago Press, vol. 28(1), pages 119-133, October.
    4. Edgardo Moscardi & Alain de Janvry, 1977. "Attitudes Toward Risk Among Peasants: An Econometric Approach," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 59(4), pages 710-716.
    5. Rulon D. Pope & Richard E. Just, 1977. "On The Competitive Firm Under Production Uncertainty," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 21(2), pages 111-118, August.
    6. L. Dean Hiebert, 1974. "Risk, Learning, and the Adoption of Fertilizer Responsive Seed Varieties," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 56(4), pages 764-768.
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    Cited by:

    1. Hatch, L. Upton & Musser, Wesley N., 1980. "Some Evidence on the Relationship Between Loan Insurance and the Supply of Agricultural Credit From Commercial Banks," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 12(2), pages 25-29, December.

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