Chavas, Jean-Paul; Shi, Guanming - In: Journal of Agricultural and Resource Economics 40 (2015) 1
management on production risk in agriculture, with an application to the distribution of corn yield in Wisconsin. Using the … certainty equivalent (CE) as a welfare measure, our analysis decomposes the welfare effects of risk, management, and … agricultural technology into two parts: mean effects and risk premium (measuring the cost of risk). We document how biotechnology …