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Implications of Uncertainty in Yields and Exports

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  • Moriak, Theo F.

Abstract

A prototype procedure is presented for developing subjective, probabilistic evaluations for future uncertainties about commodity yield and export expectations. The subjective uncertainty information is incorporated into a large multi commodity systems model in order to estimate future commodity price uncertainties that are useful for public policy and program decisions in agriculture.

Suggested Citation

  • Moriak, Theo F., 1977. "Implications of Uncertainty in Yields and Exports," 1977 AAEA-WAEA Joint Meeting, July 31-August 3, San Diego, California 283666, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea77:283666
    DOI: 10.22004/ag.econ.283666
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    Keywords

    Risk and Uncertainty;

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