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 … theory where the objective of the producers is to maximize expected utility of normalized anticipated profit. Models are …) both production and price risks with technical inefficiency. We discuss estimation of the production function, the output …