AGRICULTURAL RISK AVERSION REVISITED: A MULTICRITERIA DECISION-MAKING APPROACH /доклад на 10 конгрессе ЕААЕ, Exploring Diversity in the European Agri-Food System, Zaragoza, Spain, 28-31 August 2002
Опубликовано на портале: 28-11-2003
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).
COPPER CRISIS AND AGRICULTURAL RENAISSANCE IN ZAMBIA: AN ECONOMY-WIDE ANALYSIS / доклад на 25 конференции IAAE, Reshaping Agriculture’s Contribution to Society, International Convention Centre, Durban, South Africa, 16-23 August 2003