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We survey numerical methods that are tractable in dynamic economic models with a finite, large number of continuous state variables. (Examples of such models are new Keynesian models, life-cycle models, heterogeneous-agents models, asset-pricing models, multisector models, multicountry models,...
Persistent link: https://www.econbiz.de/10014025715
Persistent link: https://www.econbiz.de/10011655468
We propose a spatial disaggregation tool to help researchers make the best use of aggregated data in studies of land use. The proposed approach uses parcel-level agricultural data in conjunction with biophysical processes to break down agricultural regional data to the pixel level. It is a...
Persistent link: https://www.econbiz.de/10005368837
risk management in the agri-food sector. First, it specifies the diverse types of agri-food risks (natural, technical … the efficiency of risk management and identifies the factors (personal, institutional, dimensional, technological, and … natural) of governance choice. Next, it presents stages in the analysis of risk management and the improvement of public …
Persistent link: https://www.econbiz.de/10009770371
the predictable and unpredictable components of volatility, the latter exposing producers to price risk. By using … empirical estimates of the coefficient of relative risk aversion drawn from the literature, we show that the welfare gain from … eliminating this price risk for Indian coffee producers is on average 4.8 percent of their revenue from coffee sales, which for a …
Persistent link: https://www.econbiz.de/10011213169
risk will have a better method for determining hedging positions, because MGARCH estimated hedge ratios incorporate more …
Persistent link: https://www.econbiz.de/10009274803
Why do many households remain exposed to large exogenous sources of nonsystematic income risk? We use a series of …
Persistent link: https://www.econbiz.de/10010815890
Climate change increases weather variability, exacerbating agricultural risk in poor countries. Risk-averse farmers are …
Persistent link: https://www.econbiz.de/10014486264
We use newly-available Indian panel data to estimate how the returns to planting-stage investments vary by rainfall realizations. We show that the forecasts significantly affect farmer investment decisions and that these responses account for a substantial fraction of the inter-annual...
Persistent link: https://www.econbiz.de/10010796654
Ex-ante regulations and ex-post liabilities for using a new technology will induce additional costs for adopters. The standard model is advanced by including irreversibility and uncertainty and taking into account transaction costs of negotiating possible cost reductions. The case analysed is...
Persistent link: https://www.econbiz.de/10008583539