Effects of Tactical Responses and Risk Aversion on Farm Wheat Supply

A discrete stochastic programming model of the farming system of the eastern wheatbelt of Western Australia is used to examine the effect of tactical responses and risk aversion on wheat supply. Including within-season tactical changes to wheat areas decreases the own-price elasticity of supply. By contrast, introducing risk aversion has no consistent effect on the own-price elasticity of supply. The implications for supply models are discussed.

MoreLess

Year of publication:	1994
Authors:	Kingwell, Ross S.
Published in:	Review of Marketing and Agricultural Economics. - Australian Agricultural and Resource Economics Society - AARES. - Vol. 62.1994, 01
Publisher:	Australian Agricultural and Resource Economics Society - AARES
Subject:	Demand and Price Analysis

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005327650