that have included risk and risk management tools within the stochastic frontier analysis in agricultural economics. This … study contributes to investigating the methods used to account for endogeneity by using a risk-accommodating stochastic … few studies have treated endogeneity in farm risk-performance evaluations. According to our findings, it can be concluded …

production risk and may therefore reduce farmer demand for on-farm varietal diversity, especially when only a few transgenic …

modeled. At the same time, the risk management analysis largely ignore a significant “human nature” based (bounded rationality …, opportunism) risk, critical factors for the managerial choice such as the institutional environment and the transaction costs, and … diversity of alternative (market, private, collective, public, hybrid) modes of risk management. This paper incorporates the …

production risk and may therefore reduce farmer demand for on-farm varietal diversity, especially when only a few transgenic …

Tail risk refers to the possibility that a rare event would adversely affect the value of a portfolio in a significant … manner. It became much more relevant due to recent periods of strong market turbulence.We describe how to quantify such risk …, which tail risk protection strategies were considered in the literature, their effectiveness and associated costs. We also …

In the aftermath of the Global Financial Crisis, some risk management practitioners have advocated wider adoption of … Bayesian inference to replace Value- at-Risk (VaR) models in order to minimize risk failures. Despite its limitations, the … [increasingly] Bayesian—continues to be a key methodological foundation of risk management and regulation-related risk modeling …

In aftermath of the Financial Crisis, some risk management practitioners advocate wider adoption of Bayesian inference … to replace Value-at-Risk (VaR) models for minimizing risk failures (Borison & Hamm, 2010). They claim reliance of …-Bayesian and [increasingly] Bayesian – continues to be a key methodological foundation of risk management and regulation related …

long-standing controversy over how to optimally manage semi-arid rangelands by simple rules of thumb. -- environmental risk … ; risk management ; stochastic optimal control ; grazing management ; rules of thumb …