skip to main content
Language:
Search Limited to: Search Limited to: Resource type Show Results with: Show Results with: Search type Index

Lifetime Leverage Choice for Proprietary Farmers in a Dynamic Stochastic Environment

Journal of Agricultural and Resource Economics, 1993-12, Vol.18 (2), p.225-238 [Peer Reviewed Journal]

Copyright © 1993 Western Agricultural Economics Association ;ISSN: 1068-5502 ;EISSN: 2327-8285 ;DOI: 10.22004/ag.econ.30962

Full text available

Citations Cited by
  • Title:
    Lifetime Leverage Choice for Proprietary Farmers in a Dynamic Stochastic Environment
  • Author: Collins, Robert A. ; Karp, Larry S.
  • Subjects: Approximation ; Bankruptcy ; dynamic models ; Equity ; Farm economics ; Farm Management ; Farms ; Financial leverage ; Financial risk ; Opportunity costs ; Risk aversion ; stochastic optimal control ; Wealth
  • Is Part Of: Journal of Agricultural and Resource Economics, 1993-12, Vol.18 (2), p.225-238
  • Description: This article reviews various models that may be used to explain optimal leverage choice for the proprietary farmer in a stochastic dynamic environment and develops a new model that highlights the risk of failure rather than the usual concept of risk as the variability of wealth. The model suggests that in addition to the usual factors, farm financial leverage is affected by age, wealth, and the opportunity cost of farming.
  • Publisher: Bozeman, MT: Western Agricultural Economics Association
  • Language: English
  • Identifier: ISSN: 1068-5502
    EISSN: 2327-8285
    DOI: 10.22004/ag.econ.30962
  • Source: AgEcon Research in Agricultural and Applied Economics
    DOAJ Directory of Open Access Journals
Back to results list
INSPIRE LIBRARY - TON DUC THANG UNIVERSITY (84-028) 37 755 057 Feedback
19 Nguyen Huu Tho St. Dist.7, HCM thuvien@tdtu.edu.vn

Copyright © 2017 INSPIRE LIBRARY - TON DUC THANG UNIVERSITY

Searching Remote Databases, Please Wait