haku: @indexterm PAKISTAN / yhteensä: 32
viite: 5 / 32
| Tekijä: | Kurosaki, T. |
| Otsikko: | Risk and insurance in a household economy: role of livestock in mixed farming in Pakistan |
| Lehti: | Developing Economies
1995 : DEC, VOL. 33:4, p. 464-483 |
| Asiasana: | ECONOMIC CONDITIONS DEVELOPMENT PAKISTAN |
| Kieli: | eng |
| Tiivistelmä: | Production risk is inherent in agriculture due to the spatial nature of farming and its dependence on weather. With a complete set of markets, including insurance markets against risk , a competitive equilibrium is Pareto-optimal and production decisions by farm households are separable from their consumption preferences. Under this condition, production decisions by agricultural households can be analyzed in a model of expected profit maximization without considering higher moments of random variables. |
SCIMA