SENSITIVITY OF EFFICIENCY FRONTIERS DEVELOPED FOR FARM ENTERPRISE CHOICE DECISIONS
Bryan W. Schurle and
Bernard L. Erven
No 283951, 1978 Annual Meeting, August 6-9, Blacksburg, Virginia from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
The sensitivity of efficiency frontiers in farm enterprise choice under risk is examined. With expected return levels held constant, substantial variation was found in farm organizations off the efficiency frontier. However, there was relatively little additional risk associated with suboptimal organizations. Expected return level substantially influenced the sensitivity of frontiers.
Keywords: Farm Management; Risk and Uncertainty (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea78:283951
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