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Most researchers who analyze producers' preferences under uncertainty report that producers are averse towards risk and ambiguity scenarios. This aversion has an influence on producers' decision-making processes; hence the relevance of determining and analyzing these preferences as a key factor...
Persistent link: https://www.econbiz.de/10011567862
Most researchers who analyze producers’ preferences under uncertainty report that producers are averse towards risk and ambiguity scenarios. This aversion has an influence on producers’ decision-making processes; hence the relevance of determining and analyzing these preferences as a key...
Persistent link: https://www.econbiz.de/10012545530
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The probability triangle (also called the Marschak-Machina triangle) allows for compact and intuitive depictions of risk preferences. Here, we develop an analogous tool for choice under uncertainty - the ambiguity triangle - and show that indifference curves in this triangle capture preferences...
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This study examines the conflicts arising from the requirements of the food retail chains and theirpossible solutions, based on an analysis of the foreign and domestic trade literature and on a domestic assessmentof 2008. Direct supplies from small-scale producers have future prospects only in...
Persistent link: https://www.econbiz.de/10009446011