文章基本信息

标题：The Impact of Input and Output Decisions on Agricultural Production Risk
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作者：Jean-Paul Chavas ; Joseph Cooper ; Steven Wallander 等
期刊名称：Journal of Agricultural and Resource Economics
印刷版ISSN：1068-5502
出版年度：2019
卷号：44
期号：3
页码：513-535
出版社：WAEA
摘要：This paper investigates the measurement of risk exposure in agriculture and its linkages with inputand output decisions. We develop a conceptual analysis of risk under general risk preferences,including cumulative prospect theory. The approach is applied to a sample of U.S. farms from1996 to 2011. In a multi-input, multi-output framework, the analysis documents the effectsof management on production risk exposure and estimates the cost of risk under alternativeframeworks. We find that variable inputs contribute to increasing risk, while livestock contributesto reducing risk. Nonfarm income reduces the cost of risk.
关键词：insurance; management; quantile; risk