Acreage Response under Varying Risk Preferences

The assumption in standard expected utility model formulations that the coefficient of risk aversion is a constant is potentially unrealistic. This study takes the standard linear expected mean variance problem and replaces the coefficient of risk aversion with a function of risk aversion, allowing...

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Detalles Bibliográficos
Autores principales: Carlos Anthony Arnade, Joseph C. Cooper
Formato: Artigo
Lenguaje:Inglês
Publicado: Western Agricultural Economics Association 2012-12-01
Colección:Journal of Agricultural and Resource Economics
Materias:
acreage response
price variability
risk function
risk preference
Acceso en línea:https://ageconsearch.umn.edu/record/142352
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