THE INFLUENCE OF RISK AVERSION ON THE UPTAKE OF SET‐ASIDE: A MOTAD AND CRP APPROACH
运用MOTAD和CRP模型分析风险规避如何影响农场休耕决策，发现休耕补贴在每公顷180-200英镑时仅对高风险规避的东盎格利亚谷物农场和中度风险规避的诺森伯兰混合农场有吸引力。
This paper applies MOTAD and CRP models to the farm set‐aside decision and presents a framework for analysis which examines the influence of risk on the land‐idling decision. The results suggest that set‐aside payment at a rate of £180‐£200 per hectare would be attractive only at relatively high levels of risk aversion on an East Anglian specialist cereal farm and with moderate risk aversion on a Northumberland mixed farm. However, at identical levels of risk aversion, the area set aside was greater on the East Anglian farm. A survey to ascertain farmers' risk: income weightings is suggested as a useful adjunct to this work.