Introducing socioeconomic characteristics into production analysis under risk
| dc.creator | Feinerman, Eli | |
| dc.creator | Finkelshtain, Israel | |
| dc.date | 2017-04-01T20:21:47Z | |
| dc.date.accessioned | 2026-07-09T08:09:53Z | |
| dc.description | A theoretical framework is developed to study the effects of socioeconomic factors on farmers' risk attitudes and production decisions. No maintained assumptions about the individual's utility are required. A key element in this framework is the categorization of socioeconomic factors by their effect on the farmer's risk attitudes. A simple methodology for this categorization, based on the equivalence between the Arrow-Pratt measure of risk aversion and the probability of winning demanded, is proposed. The latter is illustrated with data collected in a survey of 180 Israeli farmers from 20 villages. | |
| dc.identifier | doi:10.22004/ag.econ.173782 | |
| dc.identifier | https://ageconsearch.umn.edu/record/173782/files/agec1995-1996v013i003a001.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/173782 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/596172 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/173782 | |
| dc.title | Introducing socioeconomic characteristics into production analysis under risk | |
| dc.type | Text |