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Soil Conservation with Uncertain Revenues and Input Supplies
Author(s) -
Kramer Randall A.,
McSweeny William T.,
Stavros Robert W.
Publication year - 1983
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1240457
Subject(s) - revenue , risk aversion (psychology) , selection (genetic algorithm) , quadratic equation , soil conservation , environmental science , economics , natural resource economics , computer science , mathematics , agriculture , expected utility hypothesis , ecology , finance , mathematical economics , geometry , artificial intelligence , biology
The influence of risk on farm level soil conservation decisions is examined. A symmetric quadratic risk‐programming model is used which allows the simultaneous consideration of uncertainty in revenues and input supplies. It is demonstrated that risk aversion can influence the selection of soil‐conserving activities.