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ROBUSTNESS OF NON-PARAMETRIC MEASUREMENT OF EFFICIENCY AND RISK AVERSION AgEcon
Settlage, Daniel M.; Preckel, Paul V..
This paper examines the performance of a risk-adjusted non-parametric approach to measuring efficiency and risk aversion. Prior work is extended to the case where agent behavior is motivated by expected utility maximization. Results indicate the approach significantly outperforms traditional efficiency measurement methods when applied to risk averse agents.
Tipo: Conference Paper or Presentation Palavras-chave: Risk and Uncertainty.
Ano: 2002 URL: http://purl.umn.edu/19765
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A COMPARISON OF VARIOUS FRONTIER ESTIMATION METHODS UNDER DIFFERING DATA GENERATION ASSUMPTIONS AgEcon
Settlage, Daniel M.; Dixon, Bruce L.; Thomsen, Michael R..
Monte Carlo methods examine the accuracy of several production frontier approximating forms, estimators and methods to rank firms by level of predicted technical efficiency. Results show stochastic frontier methods superior to data envelopment analysis. The Cobb-Douglas approximating form is superior to the translog or generalized Leontief.
Tipo: Working or Discussion Paper Palavras-chave: Research Methods/ Statistical Methods.
Ano: 2000 URL: http://purl.umn.edu/15773
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Farm Service Agency Direct Farm Loan Program Effectiveness Study AgEcon
Nwoha, Ogbonnaya John; Ahrendsen, Bruce L.; Dixon, Bruce L.; Chavez, Eddie C.; Hamm, Sandra J.; Settlage, Daniel M.; Danforth, Diana M..
The three primary objectives of the Effectiveness Study are to: (1) identify groups being served by FSA direct farm loan programs, (2) examine the length of time borrowers remain in the programs and the proportion of borrowers who exit or 'graduate' from the programs, and (3) measure and identify ways of reducing loan subsidy rates. The study found that direct Farm Loan Programs (FLPs) appear to be serving their intended clientele. Recent FLP borrowers are more financially stressed than non-borrowers and would be generally considered as family farms. About 78 to 92 percent would qualify as small family farms using USDA's Small Farms Commission definition. FLP credit market penetration is relatively high among farms likely to be eligible for these...
Tipo: Report Palavras-chave: Agricultural Finance.
Ano: 2005 URL: http://purl.umn.edu/15772
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