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...

Few studies have been made of how fanners make decisions. Most research and teaching has focused on the decision event, not the whole process. Current knowledge of the decision making process is reviewed and described as a set of eight functions or elements: values and goals, problem detection,...

Risk and uncertainty have been extensively studied by agricultural economists. In this paper we question (a) the predominant use of static frameworks to formally analyse risk; (b) the predominant focus on risk aversion as the motivation for considering risk and (c) the notion that explicitly...

Evidence is forwarded of a will for rationalisation of higher education, research and technology transfer processes; but the actions which have taken place in all three structures have, in contrast, produced irrationality and inefficiency. Tertiary education institutions are proposed as the...

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Books Reviewed: Elements of Agricultural Trade Policies by J.P. Houck. Macmillan; The Economics of Tropical Farm Management by J.P. Makeham and L.R. Malcolm