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| Cacho, Oscar J.; Jones, Randall E.. |
| It is argued in this paper that static approaches to weed management, where the benefits and costs are only considered within a single season, are inappropriate for assessing the economic benefits of weed control technologies. There are carryover effects from weed management as weeds that escape control in one season may reproduce and replenish weed populations in following seasons. Consequently, it is appropriate to view weed control in the context of a resource management problem where the goal is to determine the optimal inter-temporal level of weed control that maximises economic benefits over some pre-determined period of time. A dynamic optimisation model for weed control is presented. Using the tools of comparative static analysis and Pontryagin's... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Weed control; Resource economics; Optimal control; Dynamic programming; Wild oats; Farm Management. |
| Ano: 2000 |
URL: http://purl.umn.edu/12902 |
