Specification and Estimation of Production Risk, Risk Preferences and Technical Efficiency
提出一种方法，在不假设效用函数形式和误差项分布的情况下，估计生产风险、风险偏好和技术无效率，并扩展了标准模型以同时考虑这三者。
Abstract This article deals with specification and estimation of risk preferences, production risk, and technical inefficiency. It makes contribution in three separate areas of production economics. First, we model producers' attitude toward risk and derive risk preference functions (without assuming any parametric form of the utility function and any distribution of the error term representing production risk) when risk arises from production uncertainty and technical inefficiency. Second, the standard production risk model is extended to accommodate technical inefficiency and producers' attitude toward risk. Finally, the technical efficiency model is generalized to accommodate production risk and producers' attitude toward risk.