Published in 1998, this books is an examination of farm decision-making, incorporating the elements of risk in both production and off-farm or casual wage labour. Farm household decision-making is studied, and issues of wage determination, pricing, commodity price stabilization and producer income and output are also explored.
Table of Contents
1. Motivating the Major Issues 2. Decision-Theoretic Models of Farm Behaviour Appendix: Risk Preferences and Socioeconomic Characteristics 3. The Survey Sample and its Characteristic Features 4. Revenue Risk, Employment Risk and their Location Correlation 5. Labour Absorption by Cultivator Households 6. The Hiring-Out Behaviour of Rural Households 7. Summing Up