This paper focuses on the problem of decision making when the parameters of the underlying technology are either unknown or are not known with certainty by producers. This problem is considered within the context of Tunisian durum wheat production in Northern Tunisia where farmers ability to...

The paper is organized into six major sections. Background and trends in agricultural production and trade are presented in Section II. The extent of government intervention in food grain production and trade is described in Section III. This provides a foundation for Section IV where the...

Traditional economic theory of the consumer assumes the existence of perfect information. However, in reality this assumption is rarely fulfilled. In this paper a model is presented which relaxes this assumption and explicitly introduces the possibility of imperfect information into the theory...

The general purpose of this paper is to consider some issues and constraints relating to the process of using ASA as an operational piece in the on-going policy decision making process of a developing countries host institution. We shall attempt to elaborate from our experience what some of the...

This paper focuses on the application of computer-based, iterative methods for deriving analytical solutions to economic models expressed as systems of simultaneous linear and/or nonlinear equations. Practical suggestions for using four specific methods are emphasized. Analogies form economics...

This paper addresses the problem of measuring the value of information to an agent in an environment where the agent is risk averse and choices are base on the utility of income and personal beliefs about the likelihood of uncertain outcomes