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individually to determine if they were effective in minimizing down side risk, and combined to determine if integration created … side risk in wheat and corn, but not significantly in soybeans. Marketing alternatives generally increase the up side … potential of gross revenue per acre, while doing little to minimize the down side risk. The integration of crop insurance …
Persistent link: https://www.econbiz.de/10009444001
. It suggest a microeconometric method for measuring flooding related risk preferences of affectedindividuals. The method …-experimental approach to measure differences in the risk attitudes of farmers located in highflooding risk areas versus farmers located in … low flooding risk areas is followed. Changes in flooding risk relatedbehaviour over time is analysed and marginal effects …
Persistent link: https://www.econbiz.de/10009442826
the complete risk management process. An Example from a mechanical engineering company is used for the final validation of …
Persistent link: https://www.econbiz.de/10009467405
-Walrasian disequilibrium approach and describe optimizing agents. These agents use chance constraints which depict a Cash Flow at Risk approach …
Persistent link: https://www.econbiz.de/10009449067
upon SACT, to support return and risk management. …
Persistent link: https://www.econbiz.de/10009437995
The objective of this paper is to construct a framework for analyzing trade-offs between economic performance and environmental pressure at firm level. Based on a literature review, partially conflicting economic-environmental trade-off paradigms are structured and five necessary conditions for...
Persistent link: https://www.econbiz.de/10009444853
This paper presents a personal view of the interaction between the analysis of choice under uncertainty and the analysis of production under uncertainty. Interest in the foundations of the theory of choice under uncertainty was stimulated by applications of expected utility theory such as the...
Persistent link: https://www.econbiz.de/10009447884
We estimate the elasticity of substitution using two different production functions. The usual Constant Elasticity of Substitution (CES) production function and a Box-Cox production function for Japan (1890-1991), UK (1870-1991), and US (1890-1992; 1929-2000). The main results are that we find the...
Persistent link: https://www.econbiz.de/10009431206
future costs. For risk management purposes, what is most useful is the representation of future costs in the form of a … probability distribution. In the case of early stage building contract price forecasts the approximate distribution of the likely …
Persistent link: https://www.econbiz.de/10009437537
incurred from the purchase. This paper looks at the need to revise the understanding of value relating to price, that is … replacing consumer surplus with net value and incorporating price and non-price outlays into the expected outlay to gain a … better understanding of buyers' choices and the role of price within that choice. The term Pareto loss was coined to describe …
Persistent link: https://www.econbiz.de/10009440893