ALTERNATIVE PARAMETER SPECIFICATION IN E, V ANALYSIS: IMPLICATIONS FOR FARM LEVEL DECISION MAKING

Richard M. Adams, Dale J. Menkhaus and Bruce A. Woolery

Western Journal of Agricultural Economics, 1980, vol. 05, issue 01, 8

Abstract: This study compares the structure of E, V frontiers under several specifications of expected income and variance parameters with emphasis on fundamental differences in efficient crop mixes. The results are generated using data from a specific production region and a selected set of cropping activities for Wyoming. The risk-efficient frontiers and underlying crop mixes display sensitivity to alternative parameter definitions and suggest that if researchers intend to use the E, V approach in providing decision information to producers, care should be exercised in the choice of income and risk measures.

Keywords: Farm; Management (search for similar items in EconPapers)
Date: 1980
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Citations: View citations in EconPapers (24)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:wjagec:32530

DOI: 10.22004/ag.econ.32530

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