ESTIMATING THE VALUE OF SEQUENTIAL UPDATING SOLUTIONS FOR INTRAYEAR CROP MANAGEMENT

James W. Mjelde · Bruce L. Dixon · Steven T. Sonka

14 citations0/0 files storedRePEc: Research Papers in Economics

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Agricultural economics and policies Agricultural Innovations and Practices Agricultural risk and resilience

Abstract

Results of comparing updating versus nonupdating modeling assumptions call into question the use of models based on nonupdating strategies as valid representations of actual farmer actions. If farmers are sequential updaters, the results indicate that models assuming no updating are inaccurate. The degree of this inaccuracy ranges between 4% and 10% of profits for the study area. Further, the results indicate that updating appears to be important for both descriptive and prescriptive studies of farmer behavior.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 14 citations exist upstream.

References

1971Theoretical Assumptions and Nonobserved Facts 1981Farm Level Economics of Soil Conservation in the Palouse Area of the Northwest 1983Sequential Decision Making in Production Models 1985Modeling Dynamic Agricultural Production Response: The Case of Swine Production 1969First Order Certainty Equivalence 1984Agricultural Pests as Common Property: Control of the Corn Rootworm 1986Dynamic Input Decisions in Econometric Production Models 1977Farm Management and Production Economics, 1946-70

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.