Blar i NIBIO Brage på forfatter "Mishra, Ashok K."
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Production Function and Farmers' Risk Aversion: A Certainty Equivalent-adjusted Production Function
Lien, Gudbrand; Kumbhakar, Subal Chandra; Mishra, Ashok K. (Peer reviewed; Journal article, 2023-06-08)Faced with risky yields and returns, risk-averse farmers require a premium to take risks. In this paper, we estimate individual farmers’ degrees of risk aversion to adjust for the risk premium in returns and to replace the ...