Forward-Looking Competitive Firm Under Uncertainty (The)

Lence, Sergio H.; Hayes, Dermot J.

American Journal of Agricultural Economics Vol. 80 no. 2 (May 1998): 303-312.

Presents the findings of studies conducted on agriculture which shows a monotonic relationship between output and the level of risk or of risk aversion. Details on the competitiveness of the agriculture sector; Information on the production cycle; Reference to the use of forward or futures markets to prepare for changes in input costs.

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