Scale, productivity growth and risk response under uncertainty
نویسندگان
چکیده
منابع مشابه
Scale , productivity growth and risk response under uncertainty
This study focuses on the analysis of the production behavior and risk preferences in the presence of output price uncertainty. Following a theoretical model based on the assumption of maximization of expected utility of profits, the approach used in this study infers information about risk preferences from the production characteristics of the farm. In addition, the nonparametric method of est...
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For many real-life systems ranging from financial to populationrelated to medical, dynamics is described by a system of linear equations. For such systems, the growth rate λ can be determined as the largest eigenvalue of the corresponding matrix aij . In many practical situations, we only know the components of the matrix aij with interval (or fuzzy) uncertainty. In such situations, it is desir...
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This paper considers a residential market with real-time electricity pricing and flexible electricity consumption profiles for customers. Such a market raises an optimisation problem for home automation systems where they need to schedule consumption activities to reduce costs, whilst maintaining a base level of comfort and convenience. This optimisation problem faces uncertainty in real-time p...
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In this paper, we formulate a behavioral model under uncertainty to estimate the total factor productivity in the Taiwan banking industry. In particular, the paper provides a model based on the safety-first rule under uncertainty to measure the risk premium in banking operations that are subject to loan default and other investment risks. Using panel data of forty banks in 1981-1996, a translog...
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ژورنال
عنوان ژورنال: Economía Agraria y Recursos Naturales
سال: 2011
ISSN: 2174-7350,1578-0732
DOI: 10.7201/earn.2002.02.04