Since 2014
(DP 1988-03) Production Under Uncertainty: Safety First and the Crop Mix
UPSE Discussion Papers
View Archive Info| Field | Value | |
| Title |
(DP 1988-03) Production Under Uncertainty: Safety First and the Crop Mix
|
|
| Creator |
Encarnacion, Jr., Jose
|
|
| Description |
A safety first decision criterion suggests a secondary objectives when the safety condition is satisfied. In the model of this paper, the product mix of a smallholder pursuing safety first in one where the crops produced are equally safe -- he cannot afford to gamble and he does not. When the safety condition is satisfied, he chooses a riskier crop mix the larger his resources or the lower his degree of risk aversion.
|
|
| Publisher |
UPSE Discussion Papers
|
|
| Contributor |
—
|
|
| Date |
2010-08-31
|
|
| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
|
| Format |
application/pdf
|
|
| Identifier |
http://www.econ.upd.edu.ph/dp/index.php/dp/article/view/254
|
|
| Source |
UPSE Discussion Papers; 1988
|
|
| Language |
eng
|
|
| Relation |
http://www.econ.upd.edu.ph/dp/index.php/dp/article/view/254/310
|
|