Responses of New England Wool Producers to the Risks Associated with Producing and Marketing Wool

Roy Murray-Prior and Vic Wright

No 156592, 1996 Conference (40th), February 11-16, 1996, Melbourne, Australia from Australian Agricultural and Resource Economics Society

Abstract: Decisions by New England wool producers were modelled with a technique combining personal construct psychology and hierarchical decision models. Both strategic and tactical approaches were evident 111 the wool producers' responses to t.he risks associated \Vith producing and marketing their wool. Strategic responses included avoiding short to mcdiumAcnn response to price changes. divcrsit1catiKeywords: Agribusiness; Research Methods/ Statistical Methods; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 26
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aare96:156592

DOI: 10.22004/ag.econ.156592

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