Yeager, Elizabeth Anne; Langemeier, Michael R. - In: Applied Economics 45 (2013) 36, pp. 5012-5020
This article investigates the impact of downside risk on cost and revenue efficiency (RE) for a sample of farms. Downside risk or loss below a certain level of return is a concern regardless of producer risk preferences and thus a suitable measure of risk to use. Downside risk was measured as...