| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Technological and financial approaches to risk management in agriculture: an integrate approach
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| Autores: |
Chambers, Robert G.
Quiggin, John C.
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| Data: |
2011-11-17
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| Ano: |
2004
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| Palavras-chave: |
Risk and Uncertainty
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| Resumo: |
In the present paper, risk‐management problems where farmers manage risk both through production decisions and through the use of market‐based and informal risk‐management mechanisms are considered. It is shown that many of these problems share a common structure, and that a unified and informative treatment of a broad spectrum of risk‐management tools is possible within a cost‐minimisation framework, under minimal conditions on their objective functions. Fundamental results are derived that apply regardless of the producer's preference towards risks, using only the no‐arbitrage condition that agricultural producers never forego any opportunity to lower costs without lowering returns.
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| Tipo: |
Journal Article
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/117960
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| Relação: |
Australian Journal of Agricultural and Resource Economics>Volume 48, Issue 2, June 2004
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| Formato: |
25
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