EXPECTED RETURN AND RISK - A TRADE--OFF IN FARM ENTERPRISE CHOICE

Bryan W. Schurle and Bernard L. Erven

No 283665, 1977 AAEA-WAEA Joint Meeting, July 31-August 3, San Diego, California from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: A modified linear programming alternative, Hazell's IDTAD model, is used to address an enterprise choice problem in which the enterprise alternatives differ substantially in average net return and risk. Examination of several specific questions related to the trade-offs between return and risk demonstrate the model's usefulness.

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Pages: 14
Date: 1977-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea77:283665

DOI: 10.22004/ag.econ.283665

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