Data/hora: 27/07/2024 02:41:20

Provedor de dados: 	Research in Agricultural & Applied Economics (AgEcon Searh)	
País: 	United States	
Título: 	Agricultural Risk Aversion Revisited: A Multicriteria Decision-Making Approach	
Autores: 	Gomez-Limon,   Jose Antonio; Riesgo,   Laura; Arriaza Balmón,   Manuel.	
Data: 	2006-05-25	
Ano: 	2002	
Palavras-chave: 	Risk analysis; Agriculture; Utility theory; Multiple criteria analysis; Risk and Uncertainty.	
Resumo: 	In modelling farm systems it is widely accepted that risk plays a central role. Furthermore, farmers' risk aversion determines their decisions in both the short and the long run. This paper presents a methodology based on multiple criteria mathematical programming to obtain relative and absolute risk aversion coefficients. We rely on multiattribute utility theory (MAUT) to elicit a separable additive multiattribute utility function and then estimate the risk aversion coefficients and apply this methodology to an irrigated area of Northern Spain. The results show a wide variety of attitudes to risk among farmers, who mainly exhibit decreasing absolute risk aversion (DARA) and constant relative risk aversion (CRRA).	
Tipo: 	Conference Paper or Presentation	
Idioma: 	Inglês	
Identificador: 	21615

http://purl.umn.edu/24827	
Editor: 	AgEcon Search	
Relação: 	European Association of Agricultural Economists&gt;2002 International Congress, August 28-31, 2002, Zaragoza, Spain

Contributed Paper	
Formato: 	16

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