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- 1Canada, Alberta
- 1Canadian Wheat Board
- 1Choice context
- 1Choice modeling
- 1Farm management
- 1Grain marketing
This paper examines alternative risk management strategies in terms of their effectiveness for three representative Alberta farm operations. Stochastic dynamic simulation methods are used to model financial performance for these farms, and alternative risk management programs are compared in...
Consumer preferences for goods and services are characterized by heterogeneity. Accounting for this heterogeneity in economic analysis will be useful in estimating unbiased models as well as for forecasting demand by including individual characteristics and proving a broader picture of the...
Empirical Investigation of Flexible Pricing and Payment Alternatives on Canadian Wheat Board Pooling for WheatDownload
The Canadian Wheat Board (CWB) has a mandate to serve farm managers in Western Canada by marketing their wheat, durum and barley for export and for domestic human consumption. Currently, under the CWB Act, the CWB operates a pooling system whereby producers deliver grain during the crop year and...
Choice Environment, Market Complexity and Consumer Behavior: A Theoretical and Empirical Approach for Incorporating Decision Complexity into Models of Consumer ChoiceDownload
Most empirical models of consumer choice assume that the decision-maker assesses all alternatives and information in a perfect information processing sense. The complexity of the choice environment, the ability of the individual to make complex decisions and the effect of choice context on the...