Titre :

A decomposition of profit loss under output price uncertainty

Auteur(s) :

Boussemart, Jean Philippe [Auteur]
Lille économie management - UMR 9221 [LEM]
UFR de Mathématiques, Informatique, Management, Economie [UFR MIME]
Crainich, David [Auteur]
Lille économie management - UMR 9221 [LEM]
Leleu, Herve [Auteur]
Lille économie management - UMR 9221 [LEM]
Université Catholique de Lille - Faculté de gestion, économie et sciences [UCL FGES]

Titre de la revue :

European Journal of Operational Research

Pagination :

1016--1027

Éditeur :

Elsevier

Date de publication :

2015-06

ISSN :

0377-2217

Mot(s)-clé(s) en anglais :

Profit loss
Risk preference
Technical inefficiency
Data envelopment analysis
Fattening pig farms

Discipline(s) HAL :

Sciences de l'Homme et Société/Economies et finances

Résumé en anglais : [en]

In this paper, firm profit loss is decomposed as the sum of two terms related to the output price uncertainty (price expectation error and risk preference), plus one extra term expressing technical inefficiency. We then ...
Lire la suite >In this paper, firm profit loss is decomposed as the sum of two terms related to the output price uncertainty (price expectation error and risk preference), plus one extra term expressing technical inefficiency. We then describe the implementation of our theoretical model in a robust data envelopment analysis (DEA) framework, which allows an effective and separate estimation of each term of the decomposition. In addition, we offer an operational tool to reveal producers’ risk preferences. A 2009 database of French fattening pig farms is used as an illustration. Our results indicate that risk preference and technical inefficiency are the main sources of profit loss.Lire moins >

Langue :

Anglais

Vulgarisation :

Non

Collections :

• Lille Économie Management (LEM) - UMR 9221

Source :

Harvested from HAL