Farmer's risk-balancing, consumption and optimal debt level

• 主要作者: Esguerra, Almira Jazmin P.
• 格式: text
• 語言: English
• 出版: Animo Repository 2009
• 主題: Financial risk; Agricultural credit; Rate of return; Agriculture and state; Economics
• 在線閱讀: https://animorepository.dlsu.edu.ph/etd_masteral/6955
• 機構: De La Salle University

This paper presents a stochastic optimal control/dynamic program- ming (SOC/DP) approach to derive the optimal debt level and consump- tion 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 impacts...