Farmers risk-balancing, consumption and optimal debt level

This paper presents a stochastic optimal control/dynamic programming (SOC/DP) approach to derive the optimal debt level and consumption in farm models concerning two sources of undertainty: the return on assets and real interest rate. The SOC/DP analytic framework is used to analyze the impact of ri...

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Bibliographic Details
Main Author: Esguerra, Almira Jazmin P.
Format: text
Language:English
Published: Animo Repository 2009
Subjects:
Online Access:https://animorepository.dlsu.edu.ph/etd_masteral/4394
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Institution: De La Salle University
Language: English