Moschini, Giancarlo; Hennessy, David A. - In: Handbook of agricultural economics : volume 1, part A , …, (pp. 87-153). 2001
of agricultural risk, we provide an exposition of expected utility theory and of the notion of risk aversion. This is …Uncertainty and risk are quintessential features of agricultural production. After a brief overview of the main sources … followed by a basic analysis of agricultural production decisions under risk, including some comparative statics results from …