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A Consistency Condition For Expected Utilty And Mean Variance Analysis

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  • Meyer, Jack
  • Robinson, Lindon J.

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  • Meyer, Jack & Robinson, Lindon J., 1986. "A Consistency Condition For Expected Utilty And Mean Variance Analysis," Staff Paper Series 292725, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    • Handle: RePEc:ags:midasp:292725
    DOI: 10.22004/ag.econ.292725
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    References listed on IDEAS

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    1. D. Cass & J. E. Stiglitz, 1972. "Risk Aversion and Wealth Effects on Portfolios with Many Assets," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 39(3), pages 331-354.
    2. John T. Scott & Chester B. Baker, 1972. "A Practical Way to Select an Optimum Farm Plan Under Risk," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 54(4_Part_1), pages 657-660.
    3. J. Tobin, 1958. "Liquidity Preference as Behavior Towards Risk," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 25(2), pages 65-86.
    4. Sandmo, Agnar, 1971. "On the Theory of the Competitive Firm under Price Uncertainty," American Economic Review, American Economic Association, vol. 61(1), pages 65-73, March.
    5. Hans P. Binswanger, 1980. "Attitudes Toward Risk: Experimental Measurement in Rural India," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(3), pages 395-407.
    6. Love, Ross O. & Robison, Lindon J., 1984. "An Empirical Analysis Of The Intertemporal Stability Of Risk Preference," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 16(1), pages 1-7, July.
    7. Lindon J. Robison & Peter J. Barry, 1977. "Portfolio Adjustments: An Application to Rural Banking," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 59(2), pages 311-320.
    8. Hawawini, Gabriel, 1978. "A mean-standard deviation exposition of the theory of the firm under uncertainty," MPRA Paper 10148, University Library of Munich, Germany.
    9. Boussard, J. M., 1969. "The introduction of risk into a programming model: Different criteria and the actual behavior of farmers," European Economic Review, Elsevier, vol. 1(1), pages 92-121.
    10. Chavas, Jean-Paul & Pope, Rulon D., 1982. "Hedging And Production Decisions Under A Linear Mean-Variance Preference Function," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 7(1), pages 1-12, July.
    11. Wilson, Paul N. & Eidman, Vernon R., 1983. "An Empirical Test Of The Interval Approach For Estimating Risk Preferences," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 8(2), pages 1-13, December.
    12. repec:cor:louvrp:-80 is not listed on IDEAS
    13. William Lin & G. W. Dean & C. V. Moore, 1974. "An Empirical Test of Utility vs. Profit Maximization in Agricultural Production," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 56(3), pages 497-508.
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    Cited by:

    1. Robison, Lindon J., 1987. "Land Values And Credit Policies In An Imperfect-Risky Market," Regional Research Projects > 1987: S-180 Annual Meeting, March 22-25, 1987, San Antonio, Texas 272773, Regional Research Projects > S-180: An Economic Analysis of Risk Management Strategies for Agricultural Production Firms.
    2. Robison, Lindon J. & Barry, Peter J. & Burghardt, William G., 1987. "Borrowing Behavior Under Financial Stress By The Proprietary Firm: A Theoretical Analysis," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 12(2), pages 1-8, December.

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