Work

Estimating the Value of Sequential Updating Solutions for Intrayear Crop Management

Year: 1989

Type: article

Abstract: Results of comparing updating versus nonupdating modeling assumptions call into question the use of models based on nonupdating strategies as valid representations of actual farmer actions. If farmers are sequential updaters, the results indicate that models assuming no updating are inaccurate. The degree of this inaccuracy ranges between 4% and 10% of profits for the study area. Further, the results indicate that updating appears to be important for both descriptive and prescriptive studies of farmer behavior.

Source: RePEc: Research Papers in Economics

DOI: 10.22004/ag.econ.32447

Authors: Mjelde, James W., Dixon, Bruce L., Sonka, Steven T.

Language: English

Topic: Agricultural economics and policies

Subfield: Safety Research

Field: Social Sciences

Domain: Social Sciences

SDG: Zero hunger

Open Access status: green

Funder: National Science Foundation

Award: Climate Impacts, Perception, and Adjustment Experiment (Climpax)