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文章基本信息

  • 标题:USING NON-CONTEMPORANEOUS DATA TO SPECIFY RISK PROGRAMMING MODELS
  • 本地全文:下载
  • 作者:Tew, Bernard V. ; Musser, Wesley N. ; Smith, G. Scott
  • 期刊名称:Journal of Agribusiness
  • 印刷版ISSN:0738-8950
  • 出版年度:1988
  • 页码:30-35
  • 出版社:Journal of Agribusiness
  • 摘要:Specification of the variance-covariance matrix holds continuing interest for agricultural economists considering risk programming applications. This research examines alternative expected value-variance (E-V) frontiers constructed using contemporaneous and non-contemporaneous data and two statistical assumptions concerning crop prices and yields. Empirical examples from two locations for different crops illustrate the various assumptions. Considerable differences in the E-V efficient frontiers occur in both empirical settings.
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