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Minimum Prices and Optimal Production under Multiple

Louis Eeckhoudt and P Hansen

European Review of Agricultural Economics, 1989, vol. 16, issue 3, 411-18

Abstract: In a competitive market where only output price is uncertain, risk averse producers always respond positively to a better protection against downward price fluctuations. In this note, the authors analyze the robustness of this result when there is more than one source of risk. Copyright 1989 by Oxford University Press.

Date: 1989
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European Review of Agricultural Economics is currently edited by Timothy Richards, Salvatore Di Falco, Céline Nauges and Vincenzina Caputo

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