| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
OPTIMAL GRAZING PRESSURE UNDER OUTPUT PRICE AND PRODUCTION UNCERTAINTY WITH ALTERNATIVE FUNCTIONAL FORMS
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| Autores: |
Kaitibie, Simeon
Nganje, William E.
Brorsen, B. Wade
Epplin, Francis M.
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| Data: |
2003-05-15
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| Ano: |
2003
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| Palavras-chave: |
Agribusiness
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| Resumo: |
This study uses a Cox parametric bootstrap test to select between two specifications of the von Liebig hypothesis, a switching regression model and a non-linear mixed stochastic plateau function. The selected production function was used to determine optimal stocking density for dual-purpose winter wheat, under production and output price uncertainty. The switching regression approach was rejected in favor of the non-linear mixed stochastic plateau function. The relatively small difference in optimal stocking density between risk aversion and risk neutrality suggests that risk-aversion is much less important in explaining producer response to uncertainty than is nonlinearity in the production function.
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| Tipo: |
Conference Paper or Presentation
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| Idioma: |
Inglês
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| Identificador: |
9062
http://purl.umn.edu/22020
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| Editor: |
AgEcon Search
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| Relação: |
American Agricultural Economics Association>2003 Annual meeting, July 27-30, Montreal, Canada
Selected Paper
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| Formato: |
23
application/pdf
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