life-cycle model for agricultural producers facing output and output price risk, with investment in an off …-farm, conditionally risk free asset, risky financial assets, savings, consumption, and agricultural production opportunities. This … for agricul-ture. We apply this model to U.S. data for the period 1960-1999. Ongoing work focuses on updating the data set …

life-cycle model for agricultural producers facing output and output price risk, with investment in an off …-farm, conditionally risk free asset, risky financial assets, savings, consumption, and agricultural production opportunities. This … for agricul-ture. We apply this model to U.S. data for the period 1960-1999. Ongoing work focuses on updating the data set …

life-cycle model for agricultural producers facing output and output price risk, with investment in an off …-farm, conditionally risk free asset, risky financial assets, savings, consumption, and agricultural production opportunities. This … for agricul-ture. We apply this model to U.S. data for the period 1960-1999. Ongoing work focuses on updating the data set …

differ from the well understood risk prices widely used in asset pricing theory. A quantitative example highlights a …

payoffs, our model provides a novel and unified account of many empirical phenomena, including frequent risk-seeking behavior …

distributions of risks give rise to components of equilibrium prices that differ from the risk prices widely used in asset pricing …