Boyle, Gerry and McQuinn, Kieran (2003) Do Irish cereal Producers use Multiple Cropping as a Strategy for Dealing with Risk? UNSPECIFIED. (Unpublished)

Download (254kB)

Abstract

Portfolio theory suggests that risk-averse agents favour a diversified protfolio of assets as a strategy to offset market risk. This paper explicitly tests whethr Irish cereal producers decision to engage in multi-crop production(as set deversification) in itself reveals a relatively risk-averave nature. The issue is examined within the context of sample selection bias, where multi-croppers (portfolio diversifiers) are treated as a sub-sample of a general sample (mono + multi croppers) of Irish cereal production

Item Type:	Other
Keywords:	Risk Attitudes, Heckman Two-Step, Fixed Effects
Academic Unit:	Faculty of Social Sciences > Economics, Finance and Accounting
Item ID:	111
Depositing User:	Ms Sandra Doherty
Date Deposited:	12 Sep 2003
Refereed:	No
URI:
Use Licence:	This item is available under a Creative Commons Attribution Non Commercial Share Alike Licence (CC BY-NC-SA). Details of this licence are available here

Repository Staff Only(login required)

Item control page

Downloads

Origin of downloads