UNRELIABLE MARKETS AND PERISHABLE PRODUCTS
研究了风险厌恶的农民在面临需求不确定的不可靠市场时，如何最优应对易腐产品的销售问题，并对比了与价格不确定性下的不同反应，对理解农产品供给不稳定有参考价值。
This paper considers the behaviour of a farmer facing an unreliable market for his perishable product. In the context of a simple model, where unreliability is characterised as demand uncertainty at the going market price, the optimal responses of a risk‐averse farmer both to the introduction and to an increase in the level of unreliability are analysed. Conditions determining these responses are described and are shown to contrast markedly with the conditions determining a farmer's responses to uncertainty in other parameters such as price. Finally, the policy implications of the paper are discussed, with particular reference to the problem of unstable supply.