Economic efficiency adjusted for risk preferences
نویسندگان
چکیده
منابع مشابه
Economic Efficiency of Smallholder in Iran: Adjusted for Market Distortion
To measure an unbiased farm-specific efficiency of individual dairy farmers, a shadow-price profit frontier adjusted for market distortion was applied to a sample of 860 Iranian small intensive dairy farms surveyed in 2005-2006. This measure was then compared with that of unadjusted measure that assumes undistorted market. A multiple general linear model (GLM) technique was applied to the data ...
متن کاملeconomic efficiency of smallholder in iran: adjusted for market distortion
to measure an unbiased farm-specific efficiency of individual dairy farmers, a shadow-price profit frontier adjusted for market distortion was applied to a sample of 860 iranian small intensive dairy farms surveyed in 2005-2006. this measure was then compared with that of unadjusted measure that assumes undistorted market. a multiple general linear model (glm) technique was applied to the data ...
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Recently Kajii and Ui (2008) proposed to characterize interim efficient allocations in an exchange economy under asymmetric information when uncertainty is represented by multiple priors and posteriors. When agents have Bewley’s incomplete preferences, Kajii and Ui (2008) proposed a necessary and sufficient condition on the set of posteriors. However, when agents have Gilboa–Schmeidler’s MaxMin...
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People often prefer the known over the unknown, sometimes sacrificing potential rewards for the sake of surety. Overcoming impulsive preferences for certainty in order to exploit uncertain but potentially lucrative options may require specialized neural mechanisms. Here, we demonstrate by functional magnetic resonance imaging (fMRI) that individuals' preferences for risk (uncertainty with known...
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fits and costs. This shortcoming may be addressed The purpose of this study was to determine the by directly estimating Mississippi Delta producers' economic risk efficiency of implementing a boll benefits and costs of a BWE program. However, weevil (Anthonomus grandis [Boheman]) eradicaonly pest control costs prior to BWE program adoption (BWE) program in cotton (Gossypium hirsutum tion are av...
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ژورنال
عنوان ژورنال: Applied Economics
سال: 2016
ISSN: 0003-6846,1466-4283
DOI: 10.1080/00036846.2016.1223819