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. 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
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/10009442556
Seasonal climate forecasting offers potential for improving management of crop production risks in the cropping systems of NE Australia. But how is this capability best connected to management practice? Over the past decade, we have pursued participative systems approaches involving...
Persistent link: https://www.econbiz.de/10009447918
risk preferences. SERF analysis indicates that RTWS is the system most preferred by all producers, regardless of their … level of risk aversion. NTWS is typically the second most preferred system to RTWS. Using historical annual prices for 1997 … distributions, managers with higher levels of risk aversion prefer reduced-tillage wheat-grain sorghum (RTWG) over no-tillage wheat …
Persistent link: https://www.econbiz.de/10009464007
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
Despite calls for more integrated residual management, research on the performance of methods to regulate pollution has paid little attention to cases of multiple pollutant control. This study helps rectify this omission in multiple ways. In Chapter 1 I describe the many issues that arise in the...
Persistent link: https://www.econbiz.de/10009450728
"The rapidly emerging 'new science' of nonequilibrium systems theory may offer common property researchers and scholars …. Deriving from the dynamical holism of quantum physics, nonequilibrium theory engages the spontaneity, chaos, interrelatedness … paper explores the aspects of nonequilibrium theory which may be instructive in an expanded vision of common property …
Persistent link: https://www.econbiz.de/10009468365