Consulta: subjectFacets:"Rational expectation"
Registros recuperados: 2
Data/hora: 02/06/2024 02:36:59

Instability, Supply Response and Insurance in Oilseeds Production in India
Provedor de dados: 31
Autores: Pandey,   L.M.; Kumar,   Sant; Mruthyunjaya.
Yield and price instability and covariate risks have been examined for major oilseeds, viz. groundnut, rapeseed/mustard, sunflower and soybean, in selected states of India using time series data. Risk behaviour and effects of price and price risk on production have been analyzed in a rational expectations framework. The study has also estimated social gains from yield and revenue insurance in oilseeds. While instabilities in yield, prices and gross return have shown mixed responses, covariate risks have increased. The results of econometric analysis have indicated that the expected prices and price risk are important determinants of oilseeds production. Price elasticities of oilseed production have been found to vary between 0.26 and 0.88 and price risk...
Tipo: Journal Article
Palavras-chave: Oilseeds; Instability; Covariate risks; Rational expectation; Production response; Risk effect; Insurance market; Social benefits; Agricultural and Food Policy.
Ano: 2005
URL: http://purl.umn.edu/58464

Rational Expectation and Education Rewarding: The Case of Chinese Off-Farm Wage Employment
Provedor de dados: 31
Autores: Hou,   Linke; Wang,   Xiaobing; Yu,   Xiaohua.
This study establishes a life-cycle model that a representative agent chooses optimal time of education to maximize his/her life earning, which implies that there may exist nonlinear relation between education and earning. Using the data of Chinese off-farm wage employment, we find that the duration of schooling years will increase by 1.7 years with 1 percent increase in rate of return to education. The empirical results also indicate that controversies about return to education might arise from model misspecification without consideration of nonlinearity and sample selection.
Tipo: Conference Paper or Presentation
Palavras-chave: Return to schooling; Life-cycle model; Rational expectation; China; Labor and Human Capital; I20; J43; Q01.
Ano: 2011
URL: http://purl.umn.edu/114530