6,271 research outputs found
FARM FINANCIAL STRUCTURE DECISIONS UNDER DIFFERENT INTERTEMPORAL RISK BEHAVIORAL CONSTRUCTS
An alternative unconstrained expected-utility maximization model of farm debt is developed using the location-scale parameter condition that incorporates the empirically validated hypotheses of decreasing absolute and constant relative risk aversion. Simulation-optimization results based on the old and new model versions provide interesting implications for various levels of risk aversion and initial equity investments.Risk and Uncertainty,
OPPORTUNITY COSTS, SHARE LEASING, AND PREVENTED PLANTING CLAIMS IN CROP INSURANCE
This paper determines whether the opportunity costs of share leasing and the share amounts of farmers/tenants affect the likelihood of submitting a prevented planting claim. Results from our probit analysis shows that lower opportunity costs of share leasing and higher farmer/tenant share amount can increase the probability of submitting a prevented planting. These results have potential implications for setting prevented planting buy-up rates and crop insurance compliance procedures.Risk and Uncertainty,
Topology and Dynamics in Complex Networks: The Role of Edge Reciprocity
A key issue in complex systems regards the relationship between topology and
dynamics. In this work, we use a recently introduced network property known as
steering coefficient as a means to approach this issue with respect to
different directed complex network systems under varying dynamics. Theoretical
and real-world networks are considered, and the influences of reciprocity and
average degree on the steering coefficient are quantified. A number of
interesting results are reported that can assist the design of complex systems
exhibiting larger or smaller relationships between topology and dynamics
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