Portfolio Analysis Under Risk and Imperfect Markets

Bruce L. Dixon and Peter J. Barry

No 279179, 1982 Annual Meeting, August 1-4, Logan, Utah from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Rural banks face an imperfect and uncertain demand for non-farm real estate agricultural loans. Maximization of a bank's expected utility for a negative binomial is solved by quartic programming. Empirical results show diversification between competitive and imperfectly competitive assets. Uncertainty about expected return parameters is an important risk component.

Keywords: Farm Management; Marketing; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 14
Date: 1982-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea82:279179

DOI: 10.22004/ag.econ.279179

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