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Provedor de dados:  AgEcon
País:  United States
Título:  PRODUCTION RISK AND INPUT USE: PASTORAL ZONE OF EASTERN AUSTRALIA
Autores:  Anderson, Jock R.
Griffiths, William E.
Data:  2006-11-06
Ano:  1981
Palavras-chave:  Productivity Analysis
Risk and Uncertainty
Resumo:  Few attempts have been made to estimate production functions for the Australian grazing industries. The question of the nature of the effect of input levels on production risk has been broached even more rarely. Previous investigators had to employ models and methods of estimation which embody highly restrictive implicit assumptions about the nature of risk effects. A typical restrictive feature has been the implication that increasing input intensity leads to increasing risk. In this paper, a much less restrictive model and corresponding estimation techniques are brought to bear on individual farm data for 38 properties with 10 continuous years of production records. Perhaps not surprisingly, it is found that some inputs (especially those capital inputs which might normally be thought of as increasing the safety of production) tend to reduce risk.
Tipo:  Journal Article
Idioma:  Inglês
Identificador:  24312

http://purl.umn.edu/22867
Editor:  AgEcon Search
Relação:  Australian Journal of Agricultural Economics>Volume 25, Number 02, August 1981
Formato:  11

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