The study groups households in North Eastern Thailand according their income and grade of specialisation in crop … production to derive representative household types. For these household types a linear optimization model is run to calculate … figures and model used, only under certified organic production it pays to hire non household workers. Labour hence is a major …

European farmers face increasing income uncertainty and the debate is growing on the role of insurance schemes and of … risk also in the Common Agricultural Policy. Therefore, there is a need for empirical analysis and tools aimed at providing … empirical evidences on this subject. This paper applies a PMP modelling approach that takes into explicit consideration risk …

traits comes from experimental economics (risk aversion and time preference) and from psychology (sensation seeking and …

of current production practice. Income risk modelling is based on portfolio theory resting on expected value, variance (E …The paper presents multiple criteria approach to deal with risk in farmer’s decisions. Decision making process is … mutually linked up. Beside the common maximisation of expected income through linear programming it enables also reconstruction …

This paper evaluates the consequences of considering environmental and economic risk in the analysis of cost … environmental risk associated with nitrogen leaching variability, since a change to crops with lower average load also results in … lower variability of nitrogen emissions. A farmer's degree of risk aversion has some effect on the economically optimal …

risk may be enhanced by the sensitivity of those crops to weather variability. However risk exposure is supposed to be … depend on farmers' behaviour regarding risks, which are namely production and price risks, we test constant absolute risk … aversion, constant relative risk aversion and risk neutrality assumptions. We develop an econometric model encompassing an auto …

’ risk preferences. Given this analysis, the connection between risk aversion and other socioeconomic variables (such as …

, limited domestic demand, and imperfect substitution. Sector models including risk are relatively few in recent literature of … agricultural economics. In our first analysis we use mean-variance approach in including crop yield risk and risk aversion …. Farm income is relatively little affected by higher crop yields, on the average, while income may increase significantly on …