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Boyle, Gerry and McQuinn, Kieran (2003) Do Irish cereal Producers use Multiple Cropping as a Strategy for Dealing with Risk? UNSPECIFIED. (Unpublished)
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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: | https://mural.maynoothuniversity.ie/id/eprint/111 |
| 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 |
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