An application of the Nerlove model to the Malaysian agricultural loans market
Price expectations play an important role in producers' decision processes. For example. crop selection. crop planting and borrowing decisions involve uncertainties with regard to future income. Therefore. at the time when these decisions are made, producers have to formulate their expectations...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Indian Institute of Economics
1989
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| Online Access: | http://psasir.upm.edu.my/id/eprint/39455/1/6%20-%20an%20application%20of%20the%20nerlove%20model%20to%20the%20malaysian%20agricultural%20loans%20market.pdf |
| Summary: | Price expectations play an important role in producers' decision processes. For example. crop selection. crop planting and borrowing decisions involve uncertainties with regard to future income. Therefore. at the time when these decisions are made, producers have to formulate their expectations particularlv, about future prices or income in question. This is very important Because current decision affects future income and profits.
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