Inter-firm differences in economic efficiency are major factors explaining differences in firm survival and growth and changes in industry structure. Thus, factors explaining differences in efficiency are of major interest to many involved in or affected by the industry. This study was...

This paper applies growth optimization with downside protection as a portfolio selection technique. The model is based on power-log utility functions that combine portfolio growth maximization with the behavioural tenets of prospect theory. We use three assets (a farm return index, a stock...