E,V FRONTIER ANALYSIS USING TOTAL AND RANDOM VARIANCE AS MEASURES OF RISK

Boris Bravo-Ureta and Glenn A. Helmers

No 279235, 1980 Annual Meeting, July 27-30, Urbana-Champaign, Illinois from American Agricultural Economics Association (New Name 2008: Agricultural and Applied 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 (search for similar items in EconPapers)
Pages: 14
Date: 1980-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea80:279235

DOI: 10.22004/ag.econ.279235

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