Pope, Rulon D.; LaFrance, Jeffrey T.; Just, Richard E. - In: Journal of Econometrics 162 (2011) 1, pp. 35-43
A structural intertemporal model of agricultural asset arbitrage equilibrium is developed and applied to agriculture in the North Central region of the US. The data are consistent with a unifying level of risk aversion. The levels of risk aversion are more plausible than previous estimates for...
