Data/hora: 12/06/2024 11:21:26

Provedor de dados: | 31
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

application/pdf