Data/hora: 02/06/2024 16:00:21

Provedor de dados: 	31	
País: 	United States	
Título: 	AN INVESTIGATION OF THE RELATIONSHIP BETWEEN CONSTRAINT OMISSION AND RISK AVERSION IN FIRM RISK PROGRAMMNG MODELS	
Autores: 	Musser,   Wesley N.; McCarl,   Bruce A.; Smith,   G. Scott.	
Data: 	2003-03-26	
Ano: 	1986	
Palavras-chave: 	Risk and Uncertainty.	
Resumo: 	A model with omitted resource constraints is suggested as an alternative to a risk aversion model for explaining economic behavior. This paper uses two standard mathematical programming models to further explore this issue. One model is a standard profit maximization linear programming model and the other is a risk averse quadratic programming model with part of the constraints deleted. Theoretical investigation of these models demonstrates that risk aversion can substitute for omitted resource constraints. A small empirical model is then solved under both formulations. With resource constraints deleted, positive risk aversion is necessary to obtain a similar enterprise organization as under profit maximization with complete constraints. These two solutions are then interpreted with the theoretical optimality conditions.	
Tipo: 	Journal Article	
Idioma: 	Inglês	
Identificador: 	7930

http://purl.umn.edu/29787	
Editor: 	AgEcon Search	
Relação: 	Southern Journal of Agricultural Economics&gt;Volume 18, Number 02, December 1986	
Formato: 	8

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