This study examines the effects that a cutback in production by Texas agricultural producers would have on the economic well-being of all producers and consumers in the stateÂ’s economy. To do this, a quadratic input-output model incorporating econometric estimates of final demand was...

The absolute and relative risk aversion characteristics of a large sample of farm operators were estimated from the observed portfolio responses to changes in wealth. Regression estimates suggest that farm operators display decreasing absolute risk aversion. Relative risk aversion varies by type...