An Investigation of Production Risk, Risk Preferences and Technical Efficiency: Evidence From Rainfed Lowland Rice Farms in the Philippines

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dc.creatorVillano, Renato A.
dc.creatorO'Donnell, Christopher J.
dc.creatorBattese, George E.
dc.date2017-04-01T19:28:16Z
dc.date.accessioned2026-07-09T03:06:05Z
dc.descriptionRisk plays a vital role in farmers' decisions on input allocations and, therefore, output supply. This paper provides empirical evidence on the estimation of production risk, risk preferences and technical inefficiency. An eight-year panel data set is used for 46 rice farmers from a representative rainfed lowland environment in Central Luzon, Philippines. The heteroskedastic and stochastic frontier frameworks are reconciled and extended to accommodate the risk preferences of farmers in an analysis of production risk. Results show that technical inefficiency is overstated in risky production environments where farmers are risk-averse.
dc.identifierdoi:10.22004/ag.econ.12953
dc.identifierhttps://ageconsearch.umn.edu/record/12953/files/wp050001.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/12953
dc.identifier.urihttp://hdl.handle.net/123456789/526510
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/12953
dc.titleAn Investigation of Production Risk, Risk Preferences and Technical Efficiency: Evidence From Rainfed Lowland Rice Farms in the Philippines
dc.typeText

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