| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
AN EVALUATION OF SELECTED DECISION MODELS: A CASE OF CROP CHOICE IN NORTHERN THAILAND
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| Autores: |
Vieth, Gary R.
Suppapanya, Pramote
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| Data: |
2003-01-09
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| Ano: |
1996
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| Palavras-chave: |
Decision models
Expected utility maximization
Farm income
Profit maximization
Target-MOTAD
Crop Production/Industries
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| Resumo: |
This research examines the predictability of a profit maximization model, an expected value-variance utility maximization (E-V) model, and two versions of the target-MOTAD model for modeling risky agricultural production decisions. Model solutions were translated into expected value and variance of farm income for analysis. Direct comparison and chi-square analysis of actual and predicted expected income distributions were used in the analyses. It was concluded that the utility maximization and cash-cost target-MOTAD models predicted distributions of farm income better than the variable-cost target-MOTAD and profit maximization models.
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| Tipo: |
Journal Article
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| Idioma: |
Inglês
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| Identificador: |
6709
http://purl.umn.edu/15128
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| Editor: |
AgEcon Search
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| Relação: |
Journal of Agricultural and Applied Economics>Volume 28, Number 02, December 1996
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| Formato: |
11
application/pdf
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