Shortle, James S. (author) and Abrahams, Nii Adote (author)
Format:
Research paper
Publication Date:
1997-07-27
Published:
USA
Location:
Agricultural Communications Documentation Center, Funk Library, University of Illinois Box: 109 Document Number: C10329
Journal Title Details:
14 pages
Notes:
Staff Papers within the Department of Agricultural Economics and Rural Sociology, Pennsylvania State University, This papers is selected for American Agricultural Economics Association Annual Meeting, July 27-30, 1997, Toronto, Canada. URL: http://agecon.lib.umn.edu/
Agricultural Communications Documentation Center, Funk Library, University of Illinois Box: 107 Document Number: C10136
Notes:
search from AgEcon. http://agecon.lib.umn.edu, American Agricultural Economics Association Annual Meeting, August 2-5, 1998, Salt Lake City. 14 p., This paper considers an agricultural production model of sequential nitrogen application under risk. Because of
random shocks between successive production stages, optimal fertilization decisions depend on the magnitude of farmers' risk aversion (risk premium), and the possibility for farmers to process information (value of information). We propose a joint estimation procedure of technology and risk aversion parameters, using a structural, simulation-based econometric technique. Parameter estimates for the representative farmer's utility function allow to compute both the value of information and the risk premium for farmers. Those account together for about 30 percent of fertilizer cost for Midwest corn producers.
Agricultural Communications Documentation Center, Funk Library, University of Illinois Document Number: C37096
Notes:
See C37095 for original, Pages 23-50 in Harry K. Schwarzweller and Thomas A. Lyson (eds.), Research in rural sociology and development: sustaining agriculture and rural communities. Volume 6. JAI Press Inc., Greenwich, Connecticut. 270 pages.
