Kumbhakar, Subal C.; Tsionas, Efthymios G. - In: Nonparametric econometric methods, (pp. 223-260). 2009
This paper deals with estimation of risk and the risk preference function when producers face uncertainties in production (usually labeled as production risk) and output price. These uncertainties are modeled in the context of production theory where the objective of the producers is to maximize...