Farmer's expectations, risk aversion, and market eequilibrium under risk (English)

The way in which farmers form their price and yield expectations and the consequences of these expectations on ensuing market equilibrium when production is risky are examined. If rational expectations are assumed, competitive market equilibria can be simulated in sectorwide mathematical programming models. This simulation is illustrated using a linear programming model of agricultural production at a subsector level in Mexico. Competitive markets...

DETAILS

Author

Hazell,Peter B.;

Scandizzo,Pasquale L.;
Document Date
1977/02/28
Document Type
Journal Article
Report Number
REP37
Volume No
1
Total Volume(s)
1
Disclosure Date
2010/07/10
Disclosure Status
Disclosed
Doc Name
Farmer's expectations, risk aversion, and market eequilibrium under risk
Keywords
farmer

DOWNLOADS

COMPLETE REPORT

Official version of document (may contain signatures, etc)

Official PDF
TXT*
Total Downloads** : 231
Download Stats
*The text version is uncorrected OCR text and is included solely to benefit users with slow connectivity.

Citation

Hazell,Peter B.; Scandizzo,Pasquale L..

Farmer's expectations, risk aversion, and market eequilibrium under risk (English). World Bank reprint series ; no. REP 37 Washington, D.C. : The World Bank. http://documents.worldbank.org/curated/en/608361468180543407

Farmer's expectations, risk aversion, and market eequilibrium under risk (English)

DETAILS

DOWNLOADS

COMPLETE REPORT

Citation

SUBSCRIBE TO EMAIL ALERTS