RATIONALITY, PRICE RISK, AND RESPONSE

James Seale () and J Shonkwiler

Southern Journal of Agricultural Economics, 1987, vol. 19, issue 01, 8

Abstract: Risk has long been recognized as potentially important in determining agricultural supply. However, supply response models have either incorporated risk in an ad hoc manner or not at all. A rational expectations supply response model incorporating price risk is developed, an estimation procedure suggested, and an empirical example presented.

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Date: 1987
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
https://ageconsearch.umn.edu/record/29317/files/19010111.pdf (application/pdf)

Related works:
Journal Article: Rationality, Price Risk, and Response (1987)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:sojoae:29317

DOI: 10.22004/ag.econ.29317

Access Statistics for this article

More articles in Southern Journal of Agricultural Economics from Southern Agricultural Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().