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We examine the relative influence of preferences and technology on producers' ex ante willingness to pay for a reduction in production risk. A risk averse producer pays both an Arrow-Pratt risk premium to stabilize income and a ムproduction premiumメ to stabilize yield. Using...
Persistent link: https://www.econbiz.de/10005088243
Biomedical studies suggest that a person?s behavior matters to health, but these studies usually treat human choice as exogenous. This study shows that individual choices on nutrient intake, exercise and use of medication are influenced by exogenous food prices, wages and nonlabor income. Using...
Persistent link: https://www.econbiz.de/10005441947