Impacts of risk aversion on whole-farm management in Syria

This article reports on a study of the impact of risk on farm management practices in northern Syria, focusing particularly on how these are affected by risk aversion and farm size. The study is based on production data from an eight‐year field trial and on prices from market surveys. A large linear programming model is built, representing the eight years as observations from a discrete probability distribution. Risk aversion is modelled by inclusion of a utility function with constant relative risk aversion, represented using the DEMP/UEP approach.


Issue Date:
1998
Publication Type:
Journal Article
Record Identifier:
http://ageconsearch.umn.edu/record/117232
PURL Identifier:
http://purl.umn.edu/117232
Published in:
Australian Journal of Agricultural and Resource Economics, Volume 42, Issue 3
Page range:
227-247
Total Pages:
21




 Record created 2017-04-01, last modified 2018-01-22

Fulltext:
Download fulltext
PDF

Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)