FARM FINANCIAL STRUCTURE DECISIONS UNDER DIFFERENT INTERTEMPORAL RISK BEHAVIORAL CONSTRUCTS

Carl H. Nelson and Cesar L. Escalante ()

No 34756, 2004 Annual Meeting, February 14-18, 2004, Tulsa, Oklahoma from Southern Agricultural Economics Association

Abstract: An alternative unconstrained expected-utility maximization model of farm debt is developed using the location-scale parameter condition that incorporates the empirically validated hypotheses of decreasing absolute and constant relative risk aversion. Simulation-optimization results based on the old and new model versions provide interesting implications for various levels of risk aversion and initial equity investments.

Keywords: Risk and Uncertainty (search for similar items in EconPapers)
Date: 2004

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