Economic behavior under uncertainty: A joint analysis of risk preferences and technology

被引:180
作者
Chavas, JP
Holt, MT
机构
[1] University of Wisconsin, Madison, WI
关键词
D O I
10.2307/2109935
中图分类号
F [经济];
学科分类号
02 ;
摘要
A method is developed to estimate jointly risk preferences and technology under general conditions. The approach is illustrated in an application to the analysis of U.S. corn-soybean acreage decisions over time. The results provide useful information on the nature of farmers' risk preferences and on the influence of price risk and production risk on acreage allocation and farmers' welfare.
引用
收藏
页码:329 / 335
页数:7
相关论文
共 26 条
[1]  
Amemiya Takeshi., 1985, Advanced Econometrics
[2]  
[Anonymous], AM J AGR EC
[3]   MEASURING STOCHASTIC TECHNOLOGY - THE CASE OF TULARE MILK-PRODUCTION [J].
ANTLE, JM ;
GOODGER, WJ .
AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS, 1984, 66 (03) :342-350
[4]  
Arrow Kenneth., 1971, THEORY DISCRIMINATIO
[5]  
Arrow KJ, 1961, NAV RES LOG, V8, P175, DOI DOI 10.1002/NAV.3800080206
[6]  
BEHRMAN JR, 1968, SUPPLY RESPONSE UNDE
[7]   ATTITUDES TOWARD RISK - THEORETICAL IMPLICATIONS OF AN EXPERIMENT IN RURAL INDIA [J].
BINSWANGER, HP .
ECONOMIC JOURNAL, 1981, 91 (364) :867-890
[8]   ACREAGE DECISIONS UNDER RISK - THE CASE OF CORN AND SOYBEANS [J].
CHAVAS, JP ;
HOLT, MT .
AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS, 1990, 72 (03) :529-538
[9]   COMPETITIVE INDUSTRY EQUILIBRIUM UNDER UNCERTAINTY AND FREE ENTRY [J].
CHAVAS, JP ;
POPE, RD ;
LEATHERS, H .
ECONOMIC INQUIRY, 1988, 26 (02) :331-344
[10]   RISK ATTITUDES OF SUBSISTENCE FARMERS IN NORTHEAST BRAZIL - SAMPLING APPROACH [J].
DILLON, JL ;
SCANDIZZO, PL .
AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS, 1978, 60 (03) :425-435