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In this paper, we develop a model of regulation for a set of heterogenous farmers whose production yields to environmental externalities. The goal of the regulator is first to offer some income support depending on collective preferences towards income redistribution and second to internalize...
Persistent link: https://www.econbiz.de/10005523010
Replaced with revised version of paper 07/18/08.
Persistent link: https://www.econbiz.de/10005804672
the risk of revenue variability that arises from changes in prices, yields shortfalls or both. There are several models … for price and yield risk factors for corn and soybeans. For instance, yield risks can be modeled by a family of Beta … preserves a given set of marginals, a copula approach can be used to characterize the joint yield and price risk of corn and …
Persistent link: https://www.econbiz.de/10005523041