Risk behaviour in the presence of government programs

Serra, Teresa; Goodwin, Barry K.; Featherstone, Allen M.

[journal article]

dc.contributor.author	Serra, Teresa	de
dc.contributor.author	Goodwin, Barry K.	de
dc.contributor.author	Featherstone, Allen M.	de
dc.date.accessioned	2011-10-12T02:51:00Z	de
dc.date.accessioned	2012-08-29T22:51:59Z
dc.date.available	2012-08-29T22:51:59Z
dc.date.issued	2009	de
dc.identifier.uri	http://www.ssoar.info/ssoar/handle/document/26831
dc.description.abstract	Our paper assesses the impacts of the 1996 US Farm Bill on production decisions. We apply the expected utility model to analyze farmers' behavior under risk and assess how farmers' production decisions change in the presence of government programs. Specifically, we empirically evaluate the relative price and the risk-related effects of farm policy changes at the intensive margin of production, as well as the extra value that these policies add to farmers’ certainty equivalent. We use farm-level data collected in Kansas to estimate the model. We find evidence that decoupled government programs have only negligible impacts on production decisions.	en
dc.language	en	de
dc.subject.ddc	Wirtschaft	de
dc.subject.ddc	Economics	en
dc.subject.ddc	Politikwissenschaft	de
dc.subject.ddc	Political science	en
dc.subject.other	Q12; Policy; Risk; Risk preferences; Intensive margin; Extensive margin
dc.title	Risk behaviour in the presence of government programs	en
dc.description.review	begutachtet (peer reviewed)	de
dc.description.review	peer reviewed	en
dc.source.journal	Journal of Econometrics	de
dc.publisher.country	NLD
dc.subject.classoz	Special areas of Departmental Policy	en
dc.subject.classoz	spezielle Ressortpolitik	de
dc.subject.classoz	Economic Sectors	en
dc.subject.classoz	Wirtschaftssektoren	de
dc.identifier.urn	urn:nbn:de:0168-ssoar-268319	de
dc.date.modified	2011-10-12T09:37:00Z	de
dc.rights.licence	PEER Licence Agreement (applicable only to documents from PEER project)	de
dc.rights.licence	PEER Licence Agreement (applicable only to documents from PEER project)	en
ssoar.gesis.collection	SOLIS;ADIS	de
ssoar.contributor.institution	http://www.peerproject.eu/	de
internal.status	3	de
dc.type.stock	article	de
dc.type.document	journal article	en
dc.type.document	Zeitschriftenartikel	de
dc.rights.copyright	f	de
dc.source.pageinfo	33
internal.identifier.classoz	10508
internal.identifier.classoz	1090304
internal.identifier.journal	195	de
internal.identifier.document	32
internal.identifier.ddc	320
internal.identifier.ddc	330
dc.identifier.doi	https://doi.org/10.1016/j.jeconom.2009.10.005	de
dc.description.pubstatus	Postprint	en
dc.description.pubstatus	Postprint	de
internal.identifier.licence	7
internal.identifier.pubstatus	2
internal.identifier.review	1
internal.check.abstractlanguageharmonizer	CERTAIN
internal.check.languageharmonizer	CERTAIN_RETAINED

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spezielle Ressortpolitik
Special areas of Departmental Policy
Wirtschaftssektoren
Economic Sectors

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