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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| 格式: | text |
| 語言: | English |
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Animo Repository
2009
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| 在線閱讀: | https://animorepository.dlsu.edu.ph/etd_masteral/4394 |
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