Tests for the Role of Risk Aversion on Input Use
识别了随机技术条件，用于检验风险厌恶者比风险中性者使用更少投入品，以及风险厌恶增加会减少投入品使用，并采用稳健统计方法检验了爱荷华州玉米生产中氮肥施用的案例。
Abstract For risk‐averting agents, risks alter production decisions while the existence of institutions to insure against adverse states of nature will likely restore decisions toward levels under risk neutrality. In this article, conditions are identified on a stochastic technology to test H rn 0,≤ : that risk averters choose smaller input levels than risk neutral agents, and H ra 0,≤ : that an increase in risk aversion reduces input use. A robust statistical method to test for dominance is adapted to stochastic production relations. It is found that H rn 0,≤ is likely true for nitrogen application on Iowa corn. Weaker evidence is found in favor of H ra 0,≤ .