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/lp/wiley/application-of-mean-gini-stochastic-efficiency-analysis-tdPAnObdc7
- Publisher
- Wiley
- Copyright
- Copyright © 1997 Wiley Subscription Services, Inc., A Wiley Company
- ISSN
- 1364-985X
- eISSN
- 1467-8489
- DOI
- 10.1111/1467-8489.00003
- Publisher site
- See Article on Publisher Site
Abstract
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.
Journal
The Australian Journal of Agricultural Resource Economics – Wiley
Published: Mar 1, 1997