Data/hora: 26/07/2024 22:08:55

Provedor de dados: 	Research in Agricultural & Applied Economics (AgEcon Searh)	
País: 	United States	
Título: 	INFORMATION VALUE AND RISK PREMIUM IN AGRICULTURAL PRODUCTION UNDER RISK: THE CASE OF SPLIT NITROGEN APPLICATION FOR CORN	
Autores: 	Thomas,   Alban; Bontems,   Philippe.	
Data: 	1998-05-15	
Ano: 	1998	
Palavras-chave: 	Research Methods/ Statistical Methods; Risk and Uncertainty.	
Resumo: 	This paper considers an agricultural production model of sequential nitrogen application under risk. Because of random shocks between successive production stages, optimal fertilization decisions depend on the magnitude of farmers' risk aversion (risk premium), and the possibility for farmers to process information (value of information). We propose a joint estimation procedure of technology and risk aversion parameters, using a structural, simulation-based econometric technique. Parameter estimates for the representative farmer's utility function allow to compute both the value of information and the risk premium for farmers. Those account together for about 30 percent of fertilizer cost for Midwest corn producers.	
Tipo: 	Conference Paper or Presentation	
Idioma: 	Inglês	
Identificador: 	693

http://purl.umn.edu/20844	
Editor: 	AgEcon Search	
Relação: 	American Agricultural Economics Association&gt;1998 Annual meeting, August 2-5, Salt Lake City, UT

Selected Paper	
Formato: 	14

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