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| Lence, Sergio H.. |
| The present study sets up a thought experiment calibrated to represent risks of a high-risk production activity (farming), and investigating whether the structure of risk aversion (i.e., the changes in absolute or relative risk aversion associated with changes in wealth) can be estimated with reasonable precision. Findings strongly suggest that typical production data are unlikely to allow identification of the structure of risk aversion. A flexible utility parameterization is found to worsen technology parameter estimates. Findings also indicate that even under a restricted utility specification, the quality of utility parameters estimated from small samples is very poor. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Expected utility; Risk preferences; Production analysis; Risk attitudes.; Risk and Uncertainty; C13; D24; D81; Q12.. |
| Ano: 2007 |
URL: http://purl.umn.edu/9980 |
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| Velazco, Jackeline. |
| Is it feasible to increase income and generate employment in the context of a traditional labour intensive rural industry with strong linkages to an agriculturally backward economy? In order to address this issue, primary data from four villages of Peruvian North Sierra was used. The case of the hat making activity, employing exclusively family labour, purchasing the main input (straw, paja de palma) from Ecuador, and with consumers concentrated on villages and small towns, was investigated. The analysis was made at the market level. Considering the context of a self-employment activity, a theoretical framework was developed to explain the determinants of labour demand, input demand, hat output and labour return. Demand and supply constraints to the... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Non-farm rural activities; Self-employment activity; Peasant economy; Peru; Community/Rural/Urban Development; D12; D21; Q12.. |
| Ano: 2003 |
URL: http://purl.umn.edu/25817 |
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| Gallerani, Vittorio; Gomez y Paloma, Sergio; Raggi, Meri; Viaggi, Davide. |
| The objective of this paper is identify the determinants of reaction to decoupling, focusing, in particular, on farm strategies and investment behaviour both on-farm and off-farm investment. The paper analyses a sample of 248 farm-households located in 8 EU countries, using decision tree algorithms. The factors emerging as determinants of an increase of on-farm investment as a reaction to decoupling are the existence of a successor, age, farm size, part time vs. full time head of farm. Allowing for the use of country variables, these tend to account already for the factors listed above and become the main predictors, followed by labour endowment, specialisation and expectations. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: PAC reform; Investment behaviour; Households; Decoupling; Agricultural and Food Policy; Consumer/Household Economics; Q18; Q12.. |
| Ano: 2008 |
URL: http://purl.umn.edu/44841 |
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