Risk, Uncertainty And The Agricultural Firm
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Risk, Uncertainty And The Agricultural Firm

SKU: 9789814287630

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Additional information

Full Title

Risk, Uncertainty And The Agricultural Firm
Author(s)

Moss Charles Britt
Edition
ISBN

9789814287630, 9789814287623
Publisher

World Scientific
Format

PDF and EPUB

Description

This text is the first major survey of risk analysis from the perspective of the agricultural firms since Agricultural Decision Analysis by Anderson, Dillon, and Hardaker published in 1977. In addition to updating the traditional material from that text, this book includes the statistical foundations of decision making under risk and uncertainty. Adding to the material covered in Anderson, Dillon, and Hardaker, the text includes material on dynamic decision rules, the arbitrage pricing model, real options theory, and state-contingent production relationships. Risk, Uncertainty, and the Agricultural Firm provides a unique discussion of each application — developing the theoretical basis for each model and presenting an empirical roadmap (or the “nuts and bolts”) of each model to facilitate the empirical application of each technique.

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