Agricultural arbitrage and risk preferences

A-Tier
Journal: Journal of Econometrics
Year: 2011
Volume: 162
Issue: 1
Pages: 35-43

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

A structural intertemporal model of agricultural asset arbitrage equilibrium is developed and applied to agriculture in the North Central region of the US. The data are consistent with a unifying level of risk aversion. The levels of risk aversion are more plausible than previous estimates for agriculture. However, the standard arbitrage equilibrium is rejected; perhaps, this is due to the period and the shortness of the period studied.

Technical Details

RePEc Handle
repec:eee:econom:v:162:y:2011:i:1:p:35-43
Journal Field
Econometrics
Author Count
3
Added to Database
2026-01-25