Compensated optimal response under uncertainty in agricultural household models
研究了农业家庭在价格和产出风险下的最优消费、劳动及投入选择，通过斯拉茨基补偿推导出定性性质，为风险下的福利分析提供基础，并提出了实证估计模型。
This study derives the qualitative properties of a household's optimal consumption, family labour, hired labour and non-labour input choices under price andjor output risk through a Slutsky-type compensation without imposing any restriction on risk preference structure or production technology. These compensated responses provide the underpinning for welfare analysis in agricultural household models under risk. The framework for the evaluation of welfare effects of product and factor price interventions in a setting of output and price risk is developed. The paper also outlines an empirical model for estimation of the compensated demand and supply responses and for validation of the paper's analytical results.