IDEAS home Printed from https://ideas.repec.org/p/ags/aaea77/283675.html
   My bibliography  Save this paper

Risk And Decision Making In Agricultural Production

Author

Listed:
  • Chavas, Jean-Paul
  • Arcia, Gustavo

Abstract

Risk considerations in producer and consumer decision problems have become a subject of increased interest in agricultural economics._ Choices, implying judgments about alternative subjective probability distribution of outcomes, are common for agricultural production units. Factors affected by this aspect of the decision problem include the choice of technique and/or the adoption of new technologies. For decision makers with concave utility functions and low levels of income, the implications of uncertainty for farm decisions may be especially important. In fact, there is evidence from several empirical studies indicating that risk may have been an important factor in slowing down the adoption of Green Revolution technologies in LDC 1s [Roumasset, Anderson].

Suggested Citation

  • Chavas, Jean-Paul & Arcia, Gustavo, 1977. "Risk And Decision Making In Agricultural Production," 1977 AAEA-WAEA Joint Meeting, July 31-August 3, San Diego, California 283675, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  • Handle: RePEc:ags:aaea77:283675
    DOI: 10.22004/ag.econ.283675
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/283675/files/19-00105AAEA_0676.pdf
    Download Restriction: no

    File URL: https://libkey.io/10.22004/ag.econ.283675?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    Risk and Uncertainty;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aaea77:283675. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.