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The probability that buyers are deceived with regard to the quality or safety of purchased products (moral hazard) increases with the profits which suppliers can earn through opportunistic behaviour. It decreases with the probability and level of losses that result from disclosure of...
Persistent link: https://www.econbiz.de/10005060604
applications of risk and stochastic programming models focus on the optimisation of production planning, while literature on the … paper is to analyse the effects of different risk management instruments on the certainty equivalent of case study farms in … three different regions. Specifically, the applied Expected Utility Model analyses on-farm risk management instruments and …
Persistent link: https://www.econbiz.de/10005805189
is to develop a multiperiod mathematical risk programming model able of assisting water user associations with the … and irrigation system application rates in the model. Risk simulation procedures are used to generate an appropriately … correlated inter- and intra-temporal risk matrix for the programming model. A combination of subjectively elicited distributions …
Persistent link: https://www.econbiz.de/10005805203
, in anticipation of having a poor season, farmers minimize downside-risk, which is perceived as far more likely than … that the use of higher N rates (relative to the region’s average) can reduce risk in a highly variable dryland environment … like the Mallee region in south-eastern Australia. Overall, typically risk-averse Mallee farmers with low starting N seem …
Persistent link: https://www.econbiz.de/10010880334
oligopsonist powers could not be confirmed. Instead traders’ margins depend on costs, risk and uncertainty that they face …
Persistent link: https://www.econbiz.de/10010880359
depend on farmers’ socio-economic characteristics such as wealth, while individual risk preferences seem to be less important …
Persistent link: https://www.econbiz.de/10010880366
include adverse changes in both input and output prices, Agricultural risk can be categorized as production risk, price or … management strategies to overcome risk to greater extent. It is regarded as an essential part of well rounded agricultural … natural hazards. Compared to other traditional risk reducing strategies, such as crop diversification, inter-cropping, mixed …
Persistent link: https://www.econbiz.de/10010913823
risk decreasing., and hence, insurance premiums for US corn growers who plant approved hybrids have been reduced. In this … of GM traits is likely to affect production variability and downside risk. We estimate a heteroskedastic production … most combinations of GM traits leads to an increase in both yield variability and downside risk. …
Persistent link: https://www.econbiz.de/10010913938
The risk of spread of HPAI in Nigeria was derived by using a compartmental model to outline endemic and burn …-out scenarios. Two paths, low and high mortality risks, were associated to each of the scenarios. The estimated risk parameters were …, and benefit cost ratio) were estimated for each randomly drawn risk parameter. On average, the results show that such an …
Persistent link: https://www.econbiz.de/10010914027
Farming systems research for wet-season non-rice upland crops in Cambodia is being conducted with the overall aim of poverty reduction and food security for farmers in the Provinces of Battambang and Kampong Cham. Some of these cash crops exhibit low and variable incomes, especially when grown...
Persistent link: https://www.econbiz.de/10005525296