Economic Behavior Under Uncertainty: A Joint Analysis of Risk Preferences and Technology
开发了一种在一般条件下联合估计风险偏好和技术的方法,并应用于分析美国玉米-大豆种植面积决策,揭示了价格风险和生产风险对面积分配及农民福利的影响。
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. Copyright 1996 by MIT Press.