Korea Rural Economic Institue

THE MEASUREMENT OF FARMERS' RISK ATTITUDES USING A NON-STRUCTURAL APPROACH

영문 제목
THE MEASUREMENT OF FARMERS' RISK ATTITUDES USING A NON-STRUCTURAL APPROACH
저자
김태훈
출판년도
2008-05
초록
This study estimates farmers' risk attitudes in Missouri using a non-structural approach over time. The non-structural approach proposed by Antle (1989) allows for multiple outputs and various types of risk faced by farmers and doesn't require specific functional forms for utility or production. This approach can also provide farmers' risk attitudes over time. The results show that farmers' risk attitudes are risk loving and change over time, while farmers' risk attitude is generally assumed to be risk averse and very stable over time. Since this approach has the different definition of risk attitude, the results of this study may be a bit different from previous studies.

This study estimates farmers' risk attitudes in Missouri using a non-structural approach over time. The non-structural approach proposed by Antle (1989) allows for multiple outputs and various types of risk faced by farmers and doesn't require specific functional forms for utility or production. This approach can also provide farmers' risk attitudes over time. The results show that farmers' risk attitudes are risk loving and change over time, while farmers' risk attitude is generally assumed to be risk averse and very stable over time. Since this approach has the different definition of risk attitude, the results of this study may be a bit different from previous studies.
목차
1. Introduction
2. Methodologies to measure risk attitudes
3. Models and data
4. Estimation and Results
5. Conclusion

1. Introduction
2. Methodologies to measure risk attitudes
3. Models and data
4. Estimation and Results
5. Conclusion
서지인용
page. 63 - 80
발행처
한국농촌경제연구원
주제어
risk attitude; risk preference; nonstructural approach; structural approach; risk attitude; risk preference; nonstructural approach; structural approach
발간물 유형
KREI 논문
보고서 번호
JRD31-2-04
URI
http://repository.krei.re.kr/handle/2018.oak/18843
Appears in Collections:
학술지 논문 > 농촌경제 / JRD
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