E,V FRONTIER ANALYSIS USING TOTAL AND RANDOM VARIANCE AS MEASURES OF RISK

Expected income-variance (E,V) frontiers in crop production are derived using total and random (variate difference) variance. The results show that the farm organization is influenced by the variance measure used. The authors argue that random variance is a better measure of risk; consequently random E,V frontiers provide better estimates of risk-income tradeoffs.


Issue Date:
1980-07
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/279235
Language:
English
Total Pages:
14




 Record created 2018-10-26, last modified 2020-10-28

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