Labour on the family farm: a theory under uncertainty – an extension
在P.J. Dawson的框架下，研究了产出价格风险对家庭劳动力供给和雇佣劳动力需求的影响，分析了自主收入、预期产出价格、家庭构成和农场规模变化的作用，并指出部分效应只能通过实证研究确定。
ABSTRACT In a framework developed by P.J. Dawson, the effects of output price risk on the family labour supply and its demand for hired labour are investigated. In particular, the effects of changes in autonomous income, expected output price, family composition, and farm size‐are studied. Comparative statics is used to sign these effects, revealing the importance of the behavior of the measures of absolute, relative and partial risk aversion in determining them. It is shown that some of the effects may be determined only via empirical research.