TY - JOUR
T1 - Estimation of farmers' risk attitude
T2 - An econometric approach
AU - Bar-Shira, Z.
AU - Just, R. E.
AU - Zilberman, D.
PY - 1997/12
Y1 - 1997/12
N2 - An econometric procedure for estimating Arrow-Pratt coefficients of risk aversion is derived. The model of farmers allocating land among different crops, and time between leisure and labor, allows for testing Arrow's hypotheses of decreasing absolute risk aversion and increasing relative risk aversion. The empirical results support these hypotheses.
AB - An econometric procedure for estimating Arrow-Pratt coefficients of risk aversion is derived. The model of farmers allocating land among different crops, and time between leisure and labor, allows for testing Arrow's hypotheses of decreasing absolute risk aversion and increasing relative risk aversion. The empirical results support these hypotheses.
UR - http://www.scopus.com/inward/record.url?scp=0031464270&partnerID=8YFLogxK
U2 - 10.1016/S0169-5150(97)00021-2
DO - 10.1016/S0169-5150(97)00021-2
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AN - SCOPUS:0031464270
SN - 0169-5150
VL - 17
SP - 211
EP - 222
JO - Agricultural Economics (United Kingdom)
JF - Agricultural Economics (United Kingdom)
IS - 2-3
ER -