Application of mean-Gini stochastic efficiency analysis

This article adds to the information base concerning the applicability of mean- Gini stochastic efficiency analysis in agriculture. The mean-Gini efficient set of decisions is characterized rigorously in terms of its corresponding absolute risk aversion. In an empirical analysis, the mean-Gini efficient set of decisions is derived for four studies from the literature and compared to the second degree stochastic dominance efficient set. An alternative quantitative measure of risk aversion is used to gain insight in a visceral sense to the risk preferences associated with mean-Gini efficient decisions.


Issue Date:
1997
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/118007
Published in:
Australian Journal of Agricultural and Resource Economics, Volume 41, Issue 1
Page range:
45-62
Total Pages:
18




 Record created 2017-04-01, last modified 2017-08-26

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