E, V frontier analysis using total and random variance as measures of risk
Boris E. Bravo-Ureta and
Glenn A. Helmers
No 291648, WAEA/ WFEA Conference Archive (1929-1995) from Western Agricultural Economics Association
Abstract:
Expected income-variance (E,V) frontiers in crop production are derived using total and random (variate difference) variance. The results show that the farm organization is influenced by the variance measure used. The authors argue that random variance is a better measure of risk; consequently random E,V,frontiers provide better estimates of risk-income tradeoffs.
Keywords: Risk and Uncertainty; Research Methods/Statistical Methods (search for similar items in EconPapers)
Pages: 14
Date: 1980-07-20
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Persistent link: https://EconPapers.repec.org/RePEc:ags:waeaar:291648
DOI: 10.22004/ag.econ.291648
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