THE ROBUSTNESS OF SINGLE INDEX MODELS IN CROP MARKETS: A MULTIPLE INDEX MODEL TEST

Steven Blank ()

Western Journal of Agricultural Economics, 1991, vol. 16, issue 2, 9

Abstract: The single index model (SIM), developed for analysis of financial assets, is assessed as a tool for evaluating the risk-return tradeoff faced in agricultural enterprise selection. This study tests whether some of the hypotheses underlying the SIM are valid when the SIM is used in agricultural cropping decisions. Empirical evidence from county level data does not support SIM hypotheses, indicating that more robust results might come from multiple index models.

Keywords: Agricultural Finance; Risk and Uncertainty (search for similar items in EconPapers)
Date: 1991
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:wjagec:32609

DOI: 10.22004/ag.econ.32609

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