Introducing socioeconomic characteristics into production analysis under risk

被引:16
作者
Feinerman, E
Finkelshtain, I
机构
[1] Dept of Agricultural Economics, Hebrew Univ of Jerusalem
关键词
D O I
10.1016/0169-5150(95)01166-8
中图分类号
F3 [农业经济];
学科分类号
0202 ; 020205 ; 1203 ;
摘要
A theoretical framework is developed to study the effects of socioeconomic factors on farmers' risk attitudes and production decisions. No maintained assumptions about the individual's utility are required. A key element in this framework is the categorization of socioeconomic factors by their effect on the farmer's risk attitudes. A simple methodology for this categorization, based on the equivalence between the Arrow-Pratt measure of risk aversion and the probability of winning demanded, is proposed. The latter is illustrated with data collected in a survey of 180 Israeli farmers from 20 villages.
引用
收藏
页码:149 / 161
页数:13
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