IDEAS home Printed from https://ideas.repec.org/a/bla/agecon/v11y1994i2-3p111-123.html
   My bibliography  Save this article

Compensated optimal response under uncertainty in agricultural household models

Author

Listed:
  • Atanu Saha

Abstract

This study derives the qualitative properties of a household's optimal consumption, family labour, hired labour and non‐labour input choices under price and/or output risk through a Slutsky‐type compensation without imposing any restriction on risk preference structure or production technology. These compensated responses provide the underpinning for welfare analysis in agricultural household models under risk. The framework for the evaluation of welfare effects of product and factor price interventions in a setting of output and price risk is developed. The paper also outlines an empirical model for estimation of the compensated demand and supply responses and for validation of the paper's analytical results.

Suggested Citation

  • Atanu Saha, 1994. "Compensated optimal response under uncertainty in agricultural household models," Agricultural Economics, International Association of Agricultural Economists, vol. 11(2-3), pages 111-123, December.
    • Handle: RePEc:bla:agecon:v:11:y:1994:i:2-3:p:111-123
    DOI: 10.1111/j.1574-0862.1994.tb00326.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1574-0862.1994.tb00326.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1574-0862.1994.tb00326.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Carbajal De Nova, Carolina, 2017. "Synthetic data. A proposed method for applied risk management," MPRA Paper 77978, University Library of Munich, Germany, revised 28 Mar 2017.
    2. De Nova, Carolina Carbajal, 2021. "Synthetic data. A novel proposed method for applied risk management," 95th Annual Conference, March 29-30, 2021, Warwick, UK (Hybrid) 311085, Agricultural Economics Society - AES.
    3. Michael R. Caputo, 2023. "Fundamental comparative statics of the canonical agricultural household model," Economics Bulletin, AccessEcon, vol. 43(4), pages 1787-1796.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:agecon:v:11:y:1994:i:2-3:p:111-123. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/iaaeeea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.