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Firm theory incorporating growth and risk: integration into farm management research


Firm theory incorporating growth and risk: integration into farm management research



International Journal of Agrarian Affairs (Suppl 1974/75): 110-120



The paper is primarily concerned with decision making affecting growth of the farm firm and risk. It is argued that a firm's investment decision problem can only be solved with knowledge of the entrepreneur's time preference for consumption and his risk preference.

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Accession: 000095032

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