THE COST OF AGRICULTURAL PRODUCTION RISK

被引：14

作者：

BABCOCK, BA

SHOGREN, JF

机构：

[1] Department of Economics, Iowa State University, Ames

来源：

AGRICULTURAL ECONOMICS | 1995年 / 12卷 / 02期

关键词：

D O I：

10.1016/0169-5150(95)01140-G

中图分类号：

F3 [农业经济];

学科分类号：

0202 ; 020205 ; 1203 ;

摘要：

We examine the relative influence of preferences and technology on producers' ex ante willingness to pay for a reduction in production risk. A risk averse producer pays both an Arrow-Pratt risk premium to stabilize income and a 'production premium' to stabilize yield. Using soil-nitrate risks as our motivating example, we demonstrate that the production premium accounts for 40-85% of producers' willingness to pay for risk reduction. These results demonstrate the relative importance of technology over risk preferences when estimating the costs of agricultural production risk.

引用

页码：141 / 150

页数：10

共 25 条

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Just R. E., 1978, Journal of Econometrics, P67, DOI 10.1016/0304-4076(78)90006-4

[12] RISK AVERSION UNDER PROFIT MAXIMIZATION [J].