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제4유형
  • THE MEASUREMENT OF FARMERS' RISK ATTITUDES USING A NON-STRUCTURAL APPROACH
  • 보고서 이미지 없음

    저자
    김태훈
    등록일
    2008.05.01

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  • This study estimates farmers' risk attitudes in Missouri using a non-structural approach over time. The non-structural approach proposed by Antle (1989) allows for multiple outputs and various types of risk faced by farmers and doesn't require specific functional forms for utility or production. Thi...

  • 목차

    • 1. Introduction
      2. Methodologies to measure risk attitudes
      3. Models and data
      4. Estimation and Results
      5. Conclusion
    • 1. Introduction
      2. Methodologies to measure risk attitudes
      3. Models and data
      4. Estimation and Results
      5. Conclusion

    요약문

    This study estimates farmers' risk attitudes in Missouri using a non-structural approach over time. The non-structural approach proposed by Antle (1989) allows for multiple outputs and various types of risk faced by farmers and doesn't require specific functional forms for utility or production. This approach can also provide farmers' risk attitudes over time. The results show that farmers' risk attitudes are risk loving and change over time, while farmers' risk attitude is generally assumed to be risk averse and very stable over time. Since this approach has the different definition of risk attitude, the results of this study may be a bit different from previous studies.

    This study estimates farmers' risk attitudes in Missouri using a non-structural approach over time. The non-structural approach proposed by Antle (1989) allows for multiple outputs and various types of risk faced by farmers and doesn't require specific functional forms for utility or production. This approach can also provide farmers' risk attitudes over time. The results show that farmers' risk attitudes are risk loving and change over time, while farmers' risk attitude is generally assumed to be risk averse and very stable over time. Since this approach has the different definition of risk attitude, the results of this study may be a bit different from previous studies.

    저자에게 문의

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    저자소개
    김태훈 (Kim, Taehun)
    저자에게 문의

    보고서 이미지

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