Sensitivity of Efficiency Frontiers Developed For Farm Enterprise Choice Decisions
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Date
1978-07
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Publisher
Ohio State University. Department of Agricultural, Environmental and Development Economics
Abstract
The sensitivity of efficiency frontiers in farm enterprise choice under risk is examined. With expected return levels held constant, substantial variation was found in farm organizations off the efficiency frontier. However, there was relatively little additional risk associated with suboptimal organizations. Expected return level substantially influenced the sensitivity of frontiers.