Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/204353
Authors: 
Czekaj, Tomasz Gerard
Henningsen, Arne
Year of Publication: 
2013
Series/Report no.: 
IFRO Working Paper No. 2013/6
Abstract: 
We apply nonparametric panel data kernel regression to investigate production risk, out-put price uncertainty, and risk attitudes of Polish dairy farms based on a firm-level unbalanced panel data set that covers the period 2004–2010. We compare different model specifications and different approaches for obtaining firm-specific measures of risk attitudes. We found that Polish dairy farmers are risk averse regarding production risk and price uncertainty. According to our results, Polish dairy farmers perceive the production risk as being more significant than the risk related to output price uncertainty.
Subjects: 
production risk
price uncertainty
nonparametric econometrics
panel data
Polish dairy farms
JEL: 
C14
C23
D24
Q12
Document Type: 
Working Paper

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