AN EMPIRICAL TEST OF THE RISK AVERSION HYPOTHESIS

Elie Appelbaum and Aman Ullah

Pakistan Journal of Applied Economics, 1984, vol. 3, issue 1, 57-64

Abstract: In this paper we develop a framework for the empirical analysis of production theory under uncertainty. Applying duality theory and using a flexible functional form for technology, we provide a model for production decisions under uncertainty that can be easily estimated and used to identify attitudes towards risk. Furthermore, we provide a measure of degree of risk aversion and a direct test for the risk aversion hypothesis.

Date: 1984
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.aerc.edu.pk/wp-content/uploads/2017/03/3rd-Paper-Page-57-64-1.pdf (application/pdf)

Related works:
Working Paper: An Empirical Test of the Risk Aversion Hypothesis (1979)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pje:journl:article1984sumii

Access Statistics for this article

More articles in Pakistan Journal of Applied Economics from Applied Economics Research Centre Contact information at EDIRC.
Bibliographic data for series maintained by Samina Khalil ( this e-mail address is bad, please contact ).