The purpose of this study is estimating the rice production technology under risk and producers` attitudes toward income risk jointly. A Just-Pope type income function has been estimated with the cross-sectional rice production data. It turns out that...
The purpose of this study is estimating the rice production technology under risk and producers` attitudes toward income risk jointly. A Just-Pope type income function has been estimated with the cross-sectional rice production data. It turns out that the expenditure on paddy land is risk-reducing while the expenditures on other inputs are risk-increasing. Rice farmers are risk-averting and the absolute measure of risk aversion is a decreasing function of rice income.