| dc.contributor.author | Lee, Jung-Hee | |
| dc.contributor.author | Brorsen, B. Wade | |
| dc.date.accessioned | 2015-10-16T20:47:44Z | |
| dc.date.available | 2015-10-16T20:47:44Z | |
| dc.date.issued | 1994-12 | |
| dc.identifier | okds_Brorsen_JAAE_1994-12 | |
| dc.identifier.citation | Lee, J.-H., & Brorsen, B. W. (1994). Effect of risk aversion on feeder cattle prices. Journal of Agricultural and Applied Economics, 26(2), 386-392. https://doi.org/10.1017/S1074070800026316 | |
| dc.identifier.uri | https://hdl.handle.net/11244/19778 | |
| dc.description.abstract | This paper determines the effects of cattle feeders' risk aversion on feeder cattle prices using pen data of Kansas feedlots. Higher profit risk results in lower feeder cattle prices. The elasticity of feeder cattle price with respect to profit risk was small (-0.013). The risk elasticity estimated here is similar to risk elasticities in previous studies and thus, the use of pen-level data does not seem to add much to the study of risk. | |
| dc.format | application/pdf | |
| dc.language | en_US | |
| dc.publisher | Cambridge University Press | |
| dc.rights | This material has been previously published. In the Oklahoma State University Library's institutional repository this version is made available through the open access principles and the terms of agreement/consent between the author(s) and the publisher. The permission policy on the use, reproduction or distribution of the material falls under fair use for educational, scholarship, and research purposes. Contact Digital Resources and Discovery Services at lib-dls@okstate.edu or 405-744-9161 for further information. | |
| dc.title | Effect of risk aversion on feeder cattle prices | |
| osu.filename | okds_Brorsen_JAAE_1994-12.pdf | |
| dc.description.peerreview | Peer reviewed | |
| dc.identifier.doi | 10.1017/S1074070800026316 | |
| dc.description.department | Agricultural Economics | |
| dc.type.genre | Article | |
| dc.type.material | Text | |
| dc.subject.keywords | feedlot pen data | |
| dc.subject.keywords | price expectations | |
| dc.subject.keywords | hedonic price | |
| dc.subject.keywords | price risk | |
| dc.subject.keywords | risk aversion | |
