A standard result in the theory of production under price risk is that if forward cover is available, production is … risk adds to this variation. This paper considers the demand for market-based hedging instruments in relation to such … is shown that for relatively arbitrary nonlinear production technologies and attitudes to risk, producers can plan …

cultivation. This paper attempts to assess the risk in production of selected legumes. The analysis shows that the income risk in … legumes cultivation is high. To a large extent it is determined by the production risk (yield variability). / Synopsis. W …

Fisheries management is complicated in nearly all cases by various types of uncertainty. Numerous economics and … fisheries science publications prescribe adjustments to harvest strategies and regulations in the face of uncertainty. The … difficult to implement. In this article, we summarize and compare the conclusions of economists, ecologists, and fisheries …

parameters such as impatience to obtain tax revenue - the discount rate - and the willingness and ability to carry risk be … discretionary licensing regime (Norway) and a production sharing agreement regime (Angola). The analysis covers the entire life … progressivity on the one hand and the incentive for the oil companies and the host government to carry risk and investment on the …

most funds. The relative transparency of the Norway Fund allows us to do an econometric analysis of the Fund’s performance …. The record resembles that of a mutual fund that has taken on greater risk over time. There is no evidence that the Fund …