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.
- ISBN10 6612761563
- ISBN13 9786612761560
- Publish Date 9 April 2010
- Publish Status Active
- Out of Print 24 August 2011
- Publish Country US
- Imprint World Scientific Publishing Company
- Format eBook
- Pages 308
- Language English