| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Agricultural Risk Aversion Revisited: A Multicriteria Decision-Making Approach
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| Autores: |
Gomez-Limon, Jose Antonio
Riesgo, Laura
Arriaza Balmón, Manuel
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| Data: |
2006-05-25
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| Ano: |
2002
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| Palavras-chave: |
Risk analysis
Agriculture
Utility theory
Multiple criteria analysis
Risk and Uncertainty
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| 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).
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| Tipo: |
Conference Paper or Presentation
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| Idioma: |
Inglês
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| Identificador: |
21615
http://purl.umn.edu/24827
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| Editor: |
AgEcon Search
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| Relação: |
European Association of Agricultural Economists>2002 International Congress, August 28-31, 2002, Zaragoza, Spain
Contributed Paper
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| Formato: |
16
application/pdf
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