Mosnier, Claire; Reynaud, Arnaud; Thomas, Alban; Lherm, … - European Association of Agricultural Economists - EAAE - 2007
account risk aversion and both price and production risks in parameters estimation. We use the Generalized Method of Moments … results do not analyse weather impact on production mean. However we can advance that production decisions depend on price and … production risks as farmers are found to be risk averse. Weather variability of the current year increase production risk whereas …