The objectives of this study are to examine both the significance of the impact of farmers' perceptions regarding new technology for the adoption decision and how perceptions themselves are influenced by the decision to adopt new technology. The study is based on data from 96 wheat farms in the...

The objectives of this paper are to incorporate a measure of risk aversion in the translog frontier cost function to estimate cost inefficiency. Risk-averse behaviour of farmers is hypothesised to reduce efficiency by leading to a situation in which the marginal value product of an input is less...

The objectives of this paper are to develop a measure of risk aversion based on the safety-first principle. The risk coefficient for a large number of farmers was positive indicating the tendency towards gambling in Bangladesh agriculture. Farmers who were near subsistence income (disaster level...