Ghatak S.; Seale J. - In: European Research Studies Journal IV (2001) 3-4, pp. 155-155
Most studies on rational response of rice producers in less developed countries(LDCs) assume risk–neutrality. However …, the role of risk in producer decision making has been recognised as an important determinant of production. It has been … shown that competitive risk–averse firms produce a smaller output under price uncertainty than under the assumption of price …