Labour on the family farm: A theory under uncertainty
在不确定性条件下构建家庭农场理论，聚焦劳动投入决策，分析雇佣劳动与家庭劳动的选择，对农业政策有启示。
This paper develops a theory of the family farm in conditions of uncertainty where attention is focussed on the labour-input decisions. Specifically, the farm family is faced with two labour decisions, namely with respect to hired labour and to family labour. The framework for analysis is expected utility maximisation. The analysis has implications for agricultural policy since policy pronouncements of economists are typically based on models which assume perfect certainty. These pronouncements do not survive the incorporation of uncertainty.