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ECONOMIC RISK EFFICIENCY OF BOLL WEEVIL ERADICATION AgEcon
Szmedra, Philip I.; McClendon, Ronald W.; Wetzstein, Michael E..
The purpose of this study was to determine the economic risk efficiency of implementing a boll weevil (Anthonomus grandis [Boheman]) eradication (BWE) program in cotton (Gossypium hirsutum L.) producing regions of the Mississippi Delta. Alternative producer pest management practices and program cost sharing were incorporated into a biophysical cotton simulation model. Participation in a BWE program along with strict adherence to Cooperative Extension Service pest management guidelines proved to be the risk efficient practice.
Tipo: Journal Article Palavras-chave: Crop Production/Industries; Risk and Uncertainty.
Ano: 1991 URL: http://purl.umn.edu/30288
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EFFICIENCY CRITERIA AND RISK AVERSION: AN EMPIRICAL EVALUATION AgEcon
Wetzstein, Michael E.; Szmedra, Philip I.; McClendon, Ronald W.; Edwards, David M..
A conceptual link among mean-variance (EV), stochastic dominance (SD), and mean-risk (ET), and Gini mean difference (EG) is established for determining risk efficient decision sets. The theoretical relations among the various efficiency criteria are then empirically demonstrated with a soybean and wheat double-crop simulation model. Empirical results associated with extended Gini mean difference (EEG) and extended mean-absolute Gini (EET) for risk analysis are encouraging.
Tipo: Journal Article Palavras-chave: Risk and Uncertainty.
Ano: 1988 URL: http://purl.umn.edu/29716
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OPTIMAL AGRICULTURAL PEST MANAGEMENT WITH MULTIPLE SPECIES AgEcon
Wetzstein, Michael E.; Szmedra, Philip I.; Musser, Wesley N.; Chou, Charlene C.J..
Tipo: Journal Article Palavras-chave: Agricultural and Food Policy; Resource /Energy Economics and Policy.
Ano: 1985 URL: http://purl.umn.edu/28929
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