How can allocative inefficiency reveal risk preference ? An empirical investigation on French wheat farms - INRAE - Institut national de recherche pour l’agriculture, l’alimentation et l’environnement Access content directly
Preprints, Working Papers, ... (Working Paper) Year : 2008

How can allocative inefficiency reveal risk preference ? An empirical investigation on French wheat farms

Abstract

We focus on a simple framework on wheat producer behaviour in a context of price output uncertainty. More precisely, we establish a relationship between ex post output price level and allocative inefficiency that allows to characterize farmers’ risk preferences. Given this analysis, the connection between risk aversion and other socioeconomic variables (such as degree of output specialisation, total asset, debts, farmer’s age…) can furthermore empirically be explored. This relationship is empirically tested on an unbalanced panel including about 650 wheat producers located in the French Department of Meuse over 1992-2003.
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Dates and versions

hal-02818426 , version 1 (06-06-2020)

Identifiers

  • HAL Id : hal-02818426 , version 1
  • PRODINRA : 34634

Cite

Stéphane Blancard, Jean-Philippe Boussemart, David Crainich, Hervé Leleu, . Umr 8179 Lem. How can allocative inefficiency reveal risk preference ? An empirical investigation on French wheat farms. 2008. ⟨hal-02818426⟩
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