de Mey, Yann; Wauters, Erwin; Lips, Markus; Schmid, Dirk; … - European Association of Agricultural Economists - EAAE - 2014
This paper presents the first empirical evidence on farm household risk balancing behavior, i.e., making strategic off-farm decisions in response to changes in expected business risk. Firstly, using survey data combined with Flemish FADN data, we construct a psychometric household risk balancing...