The effect of energy and crop price changes on output response of risk averse farmers - a quadratic programming approach

Francis P. McCamley and James B. Kliebenstein

No 291705, WAEA/ WFEA Conference Archive (1929-1995) from Western Agricultural Economics Association

Abstract: A quadratic programming model was used to explore producers' output response to changes in energy and crop prices. Risk considerations were also incorporated. Solutions were obtained for several price and risk aversion levels. Approximate crop response functions were estimated. Output elasticities were computed for selected price combinations.

Keywords: Demand and Price Analysis; Crop Production/Industries; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Pages: 18
Date: 1981-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:waeaar:291705

DOI: 10.22004/ag.econ.291705

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