Risk, Uncertainty and the Agricultural Firm (Hardcover) (ISBN-13: 9789814287623)

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.

Author: Charles Britt Moss
ISBN-10: 9814287628
ISBN-13: 9789814287623
Publisher: World Scientific Publishing Company
Language: English
Published: 05/30/2010
Pages: 308
Format: Hardcover
Weight: 1.30lbs
Size: 9.10h x 6.00w x 0.90d