| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Implications of the Air Compliance Agreement for Livestock Producers
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| Autores: |
Hadrich, Joleen C.
Wolf, Christopher A.
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| Data: |
2009-04-30
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| Ano: |
2009
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| Palavras-chave: |
Air emissions
Environmental regulations
Irreversible investment
Uncertainty
Environmental Economics and Policy
Livestock Production/Industries
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| Resumo: |
Nutrient management and air emissions continue to be an area of increased management control on all livestock operations as environmental regulations become more stringent. Agricultural producers must consider uncertainty surrounding the timing of and potential increases of environmental policy controls, such as emission taxes, when making future investment decisions. An optimal control theory framework was applied to a dairy farm facing an uncertain increase in emission taxes and an unknown date at which emission taxes will take effect. The optimal investment path considering these uncertainties was solved implicitly and compared to a full certainty case.
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| Tipo: |
Conference Paper or Presentation
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/49316
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| Relação: |
Agricultural and Applied Economics Association>2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin
Selected Paper
613206
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| Formato: |
30
|
