Agricultural Investment Using Dynamic Models

Agricultural Investment Using Dynamic Models

EnglishPaperback / softbackPrint on demand
Chabokrow, Gholamreza
LAP Lambert Academic Publishing
EAN: 9786203192902
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Detailed information

The purpose of this book is to develop an appropriate model for analyzing the effects of decoupling payments, non-government income, and wealth on agricultural investment. The conceptual framework informing the research is an improved Dynamic ex-ante Input Demand (DEID) model that was built on the basis of the cost of adjustment theory. In the DEID model, a general investment framework is presented where quasi-fixed inputs adjust to a new optimal position at a constant rate when input prices change under production uncertainty. The DEID model introduced in this book considers the effects of production uncertainty in dynamic investment models using the ex-ante cost and ex-ante supply functions. This book includes a review of duality theory, the cost minimization approach, static and dynamic models, adjustment cost hypothesis, ex-ante and ex-post cost functions, as well as definitions and implementation of decoupling payments. An improved theoretical dynamic model and econometric specification of DEID is presented.
EAN 9786203192902
ISBN 6203192902
Binding Paperback / softback
Publisher LAP Lambert Academic Publishing
Pages 156
Language English
Dimensions 220 x 150
Authors Chabokrow, Gholamreza
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