Participation in Farm Commodity Programs: A Stochastic Dominance Analysis
用随机占优理论分析农民参与农业商品计划的净收益,考察计划参数和农场规模如何影响参与决策,对政策制定者和农业经济学家有参考价值。
Abstract The net benefits of participation in farm commodity programs are analyzed with a normative risk model based on stochastic dominance theory. Utilizing entire probability distributions of participation and nonparticipation net returns, the impacts of alternative program features and farm size are investigated. Small changes in program parameters are found to affect participation decisions. It also is demonstrated that farm size can influence participation choices.