| Registro completo |
| Provedor de dados: |
31
|
| País: |
United States
|
| Título: |
Optimal crop protection against climate risk in a dynamic cost-loss decision-making model
|
| Autores: |
Quiroga, Sonia
Cerda, Emilio
|
| Data: |
2009-06-29
|
| Ano: |
2009
|
| Palavras-chave: |
Information value
Cost-loss ratio
Dynamic decision models
Agricultural and Food Policy
Crop Production/Industries
Environmental Economics and Policy
Production Economics
Research Methods/ Statistical Methods
C6
Q1
|
| Resumo: |
Extreme meteorological events have increased over the last decade and it is widely accepted that it is due to climate change. Some of these extremes like drought or frost episodes largely affect agricultural outputs that could face a serious decline. Therefore, additional efforts on technology and adaptation become crucial to reduce the effect of climate change on agricultural production. Protection against adverse weather extremes is a significant component of risk management and large protection decisions need dynamic treatment, such as the vineyards or citrus protection against frost (Murphy et al., 1985), the water management for cereals irrigation in drought shortage contexts, the “options and futures” exchange markets decisions for major crops in USA, and many other risk management problems. The goal of this paper is to obtain the analytical expressions for the optimal actions and minimal expected expenses associated with a dynamic cost-loss model with finite horizon. The optimal policy expressions for this type of situations can help in the management of climate risk in agriculture in a more general approach than numerical solutions.
|
| Tipo: |
Conference Paper or Presentation
|
| Idioma: |
Inglês
|
| Identificador: |
IAAE_BEIJING_166
http://purl.umn.edu/51702
|
| Relação: |
International Association of Agricultural Economists>2009 Conference, August 16-22, 2009, Beijing, China
Contributed Paper
166
|
| Formato: |
24
|
