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An MCDM analysis of agricultural risk aversion

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  • Gomez-Limon, Jose A.
  • Arriaza, Manuel
  • Riesgo, Laura
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    Bibliographic Info

    Article provided by Elsevier in its journal European Journal of Operational Research.

    Volume (Year): 151 (2003)
    Issue (Month): 3 (December)
    Pages: 569-585

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    Handle: RePEc:eee:ejores:v:151:y:2003:i:3:p:569-585

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    Web page: http://www.elsevier.com/locate/eor

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    References

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    4. Pannell, David J. & Malcolm, Bill & Kingwell, Ross S., 2000. "Are we risking too much? Perspectives on risk in farm modelling," Agricultural Economics: The Journal of the International Association of Agricultural Economists, International Association of Agricultural Economists, vol. 23(1), June.
    5. Narayana R. Kocherlakota, 1996. "The Equity Premium: It's Still a Puzzle," Journal of Economic Literature, American Economic Association, vol. 34(1), pages 42-71, March.
    6. Bar-Shira, Z. & Just, R. E. & Zilberman, D., 1997. "Estimation of farmers' risk attitude: an econometric approach," Agricultural Economics, Blackwell, vol. 17(2-3), pages 211-222, December.
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    17. Feinerman, Eli & Finkelshtain, Israel, 1996. "Introducing socioeconomic characteristics into production analysis under risk," Agricultural Economics, Blackwell, vol. 13(3), pages 149-161, February.
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    19. Feinerman, Eli & Finkelshtain, Israel, 1996. "Introducing socioeconomic characteristics into production analysis under risk," Agricultural Economics: The Journal of the International Association of Agricultural Economists, International Association of Agricultural Economists, vol. 13(3), February.
    20. Berbel, J. & Rodriguez-Ocana, A., 1998. "An MCDM approach to production analysis: An application to irrigated farms in Southern Spain," European Journal of Operational Research, Elsevier, vol. 107(1), pages 108-118, May.
    21. John W. Cary & Bill Holmes, 1982. "Relationships Among Farmers' Goals And Farm Adjustment Strategies: Some Empirics Of A Multidimensional Approach," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 26(2), pages 114-130, 08.
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    24. Pannell, David J. & Malcolm, Bill & Kingwell, Ross S., 2000. "Are we risking too much? Perspectives on risk in farm modelling," Agricultural Economics, Blackwell, vol. 23(1), pages 69-78, June.
    25. Babcock, Bruce A., 1992. "Effects of Uncertainty on Optimal Nitrogen Applications (The)," Staff General Research Papers 10588, Iowa State University, Department of Economics.
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    33. J. Hope & J. Lingard, 1992. "The Influence Of Risk Aversion On The Uptake Of Set-Aside: A Motad And Crp Approach," Journal of Agricultural Economics, Wiley Blackwell, vol. 43(3), pages 401-411.
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    36. Philippe Bontems & Alban Thomas, 2000. "Information Value and Risk Premium in Agricultural Production: The Case of Split Nitrogen Application for Corn," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 82(1), pages 59-70.
    37. Arriaza Balmon, Manuel & Gomez-Limon, Jose A. & Upton, Martin, 2002. "Local water markets for irrigation in southern Spain: A multicriteria approach," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 46(1), March.
    38. Amador, Francisco & Sumpsi, Jose Maria & Romero, Carlos, 1998. "A Non-interactive Methodology to Assess Farmers' Utility Functions: An Application to Large Farms in Andalusia, Spain," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 25(1), pages 92-109.
    39. Sumpsi, JoseMaria & Amador, Francisco & Romero, Carlos, 1997. "On farmers' objectives: A multi-criteria approach," European Journal of Operational Research, Elsevier, vol. 96(1), pages 64-71, January.
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    Cited by:
    1. Francisco J. André & Laura Riesgo, 2006. "A Duality Procedure to Elicit Nonlinear Multiattribute Utility Functions," Working Papers 06.02, Universidad Pablo de Olavide, Department of Economics.
    2. Francisco J. André & Inés Herrero & Laura Riesgo, 2007. "Using a modified DEA model to estimate the importance of objectives. An application to agricultural economics," Working Papers 07.09, Universidad Pablo de Olavide, Department of Economics.
    3. André, Francisco J. & Herrero, Inés & Riesgo, Laura, 2010. "A modified DEA model to estimate the importance of objectives with an application to agricultural economics," Omega, Elsevier, vol. 38(5), pages 371-382, October.
    4. Stelios Rozakis & Alexandra Sintori & Konstantinos Tsiboukas, 2009. "Utility-derived Supply Function of Sheep Milk: The Case of Etoloakarnania, Greece," Working Papers 2009-11, Agricultural University of Athens, Department Of Agricultural Economics.
    5. Jorge Dante de Prada & Tsoung-Chao Lee & Ariel Ricardo Angeli & José Manuel Cisneros & Alberto Cantero G., 2008. "Análisis multicriterio de la conservación de suelo: Aplicación a una cuenca representativa del centro argentino," Revista Iberoamericana de Economía Ecológica, Red Iberoamericana de Economía Ecológica, vol. 9, pages 45-59, Diciembre.
    6. Pavlos Karanikolas & Stelios Rozakis & Dimitris Kremmydas, 2013. "The multiplicity of goals in tree-cultivating farms in Greece," Working Papers 2013-2, Agricultural University of Athens, Department Of Agricultural Economics.
    7. Saraiva, Joao Paulo & Pinheiro, Antonio Cipriano, 2007. "A Multi-Criteria Approach for Irrigation Water Management," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 8(1), January.
    8. Riesgo, Laura & Gomez-Limon, Jose A., 2006. "Multi-criteria policy scenario analysis for public regulation of irrigated agriculture," Agricultural Systems, Elsevier, vol. 91(1-2), pages 1-28, November.
    9. Francisco J. André & Inés Herrero & Laura Riesgo, 2004. "Using DEA to estimate the importance of objectives for decision makers," Economic Working Papers at Centro de Estudios Andaluces E2004/50, Centro de Estudios Andaluces.
    10. Xu, Jin & Leatham, David J., 2010. "Dynamic Analysis of Land Prices with Flexible Risk Aversion Coefficients," 2010 Annual Meeting, July 25-27, 2010, Denver, Colorado 61872, Agricultural and Applied Economics Association.
    11. Perez-Mesa, Juan Carlos & Galdeano-Gomez, Emilio & Aznar-Sanchez, Jose A., 2011. "Management System for Harvest Scheduling: The Case of Horticultural Production in Southeast Spain," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association (IAMA), vol. 14(4).
    12. Hwe, Siu Kei & Cheung, Raymond K. & Wan, Yat-wah, 2006. "Merging bus routes in Hong Kong's central business district: Analysis and models," Transportation Research Part A: Policy and Practice, Elsevier, vol. 40(10), pages 918-935, December.
    13. Zgajnar, Jaka & Kavcic, Stane, 2011. "Weighted Goal Programming and Penalty Functions: Whole-farm Planning Approach Under Risk," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 118033, European Association of Agricultural Economists.
    14. Houskova Berankova, Martina & Houska, Milan, 2011. "Data, Information and Knowledge in Agricultural Decision-Making," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 3(2), June.
    15. Matsui, Kenji, 2010. "Returns policy, new model introduction, and consumer welfare," International Journal of Production Economics, Elsevier, vol. 124(2), pages 299-309, April.
    16. Emilio Cerdá Tena & Sonia Quiroga Gómez, 2011. "Economic value of weather forecasting: the role of risk aversion," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer, vol. 19(1), pages 130-149, July.
    17. Emilio Cerdá & Sonia Quiroga Gómez, 2009. "Economic Value of Weather Forecasting Systems Information: A Risk Aversion Approach," Working Papers 2009-04, FEDEA.
    18. Berkhout, E.D. & Schipper, R.A. & Van Keulen, H. & Coulibaly, O., 2011. "Heterogeneity in farmers' production decisions and its impact on soil nutrient use: Results and implications from northern Nigeria," Agricultural Systems, Elsevier, vol. 104(1), pages 63-74, January.

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