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	Provedor de dados AgEcon (1) Autor Guan, Zhengfei (1) Wu, Feng (1) Palavra-chave Conservation Reserve Program (1) Environmental Economics and Policy (1) Farmer Participation (1) Nonlinear Kalman Filter (1) Real Option (1) Tipo do documento Conference Paper or Presentation (1) Ano 2009 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última Contract Designs and Participation in the Conservation Reserve Program in the Era of Biofuel Production AgEcon Wu, Feng; Guan, Zhengfei. This article has presented a farmer decision making model of participation in the Conservation Reserve Program (CRP) under the current rising bio-fuel production. The decision is specified as an optimal stopping problem and farming return is assumed following stochastic process with the uncertainty of growth rate. Nonliear Kalman filter approach is used to continuously upgrade the new information and estimate the random growth rate with the minimum error. The problem is formulated as a linear complementarity problem that is solved numerically using a fully implicit finite difference method. It is found that participation in the CRP is sensitive to financial incentive, and shortening contract length is also an effective method to promote land enrollment in... Tipo: Conference Paper or Presentation Palavras-chave: Conservation Reserve Program; Nonlinear Kalman Filter; Farmer Participation; Real Option; Environmental Economics and Policy. Ano: 2009 URL: http://purl.umn.edu/51646 Registros recuperados: 1 Primeira ... 1 ... Última

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