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An Empirical Investigation Of Farmers Behavior Under Uncertainty
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Book Synopsis An Empirical Investigation of Farmers Behavior Under Uncertainty by : Robert A. McGuire
Download or read book An Empirical Investigation of Farmers Behavior Under Uncertainty written by Robert A. McGuire and published by Routledge. This book was released on 2019-08-06 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study, first published in 1985, aims to provide objective measures of the risks associated with various crops and livestock in the late nineteenth century and to examine two important issues in American economic history. Knowledge of these risks if a necessity to the profession, if analyses of the uncertainties of postbellum agriculture are to continue. Without this knowledge, assertions which have little or no empirical content will continue to be made. This title will be of great interest to students of economics and agriculture.
Book Synopsis An Empirical Investigation of Farmers' Behavior Under Uncertainty by : Robert Allen McGuire
Download or read book An Empirical Investigation of Farmers' Behavior Under Uncertainty written by Robert Allen McGuire and published by . This book was released on 1978 with total page 648 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Understanding the Investment and Abandonment Behavior of Poor Households: An Empirical Investigation by : Ruth Vargas Hill
Download or read book Understanding the Investment and Abandonment Behavior of Poor Households: An Empirical Investigation written by Ruth Vargas Hill and published by Intl Food Policy Res Inst. This book was released on 2008 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Comprehensive Assessment of the Role of Risk in U.S. Agriculture by : Richard E. Just
Download or read book A Comprehensive Assessment of the Role of Risk in U.S. Agriculture written by Richard E. Just and published by Springer Science & Business Media. This book was released on 2013-11-11 with total page 580 pages. Available in PDF, EPUB and Kindle. Book excerpt: After all the research on agricultural risk to date, the treatment of risk in agricultural research is far from harmonious. Many competing risk models have been proposed. Some new methodologies are largely untested. Some of the leading empirical methodologies in agricultural economic research are poorly suited for problems with aggregate data where risk averse behavior is less likely to be important. This book is intended to (i) define the current state of the literature on agricultural risk research, (ii) provide a critical evaluation of economic risk research on agriculture to date and (iii) set a research agenda that will meet future needs and prospects. This type of research promises to become of increasing importance because agricultural policy in the United States and elsewhere has decidedly shifted from explicit income support objectives to risk-related motivations of helping farmers deal with risk. Beginning with the 1996 Farm Bill, the primary set of policy instruments from U.S. agriculture has shifted from target prices and set aside acreage to agricultural crop insurance. Because this book is intended to have specific implications for U.S. agricultural policy, it has a decidedly domestic scope, but clearly many of the issues have application abroad. For each of the papers and topics included in this volume, individuals have been selected to give the strongest and broadest possible treatment of each facet of the problem. The result is this comprehensive reference book on the economics of agricultural risk.
Book Synopsis Decision Theory by : Beverly Fleisher
Download or read book Decision Theory written by Beverly Fleisher and published by . This book was released on 1983 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: The degree to which state of the art decisions theory and its applications can explain and predict farmers decision making behavior under uncertainty is assessed from an economist's perspective. Section One. "Describing Decision Problems Under Uncertainty", describes the framing of decision problems, sets forth basic definitions, and stablishes a framework for the study. Section Two, "Models of Decision Making Under Uncertainty", examines the models which underlie the empirical work reviewed including 'rule of thumb' models, safety first models, lexicographic ordering models, and the expected utility hypothesis. Section Three, "Appications of Decision Theory", focuses on the application of these models in agricultural settings. It includes a discussion of methods used to obtain utility functions and risk attitude coefficients. More importantly it examines and questions the assumptions commonly employed in empirical studies. Section Four, "Looking Ahead", explores theoretical extensions of existing models and suggests priorites for future research.
Book Synopsis The Federalist Papers and the New Institutionalism by : Bernard Grofman
Download or read book The Federalist Papers and the New Institutionalism written by Bernard Grofman and published by Algora Publishing. This book was released on 2007 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Madisonian approach to institutional design, as set forth in The Federalist Papers, is examined from the point of view of leading theorists of the "public choice" school who see themselves as the political heirs of that earlier legacy. ." . . the most ambitious attempt to date to reread The Federalist in the light of modern social science." - Publius
Book Synopsis Risk Management and the Environment: Agriculture in Perspective by : B.A. Babcock
Download or read book Risk Management and the Environment: Agriculture in Perspective written by B.A. Babcock and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: Risk Management and the Environment: Agriculture in Perspective is a modern academic work that seeks to bring out both to the private and the policy sectors the importance of risk management in relation to the envi ronment in agriculture, as the world moves towards freer markets. Many efforts were pooled together in making this book. Three years ago, an attempt was made by one of the editors to get a project on 'Agri cultural Risk Management and Sustainabilty' (ARMAS) funded by the European Commission. Probably deeming the proposal as prematurely novel for Europe, the Commission's screening experts abandoned its evaluation. Following that experience it became apparent that the literature on the theme ought to be strengthened and emphasized through a book by a well known publishing house. The editorial team was formed relatively quickly and an invitation to known experts in the field for contributions was issued. Subsequently, Kluwer Academic Publishers, evaluated an edited volume proposal package, and final revisions were made prior to submitting the entire manuscript for publication. We are gratefully acknowledging the moral support of several individu als as well as the patience of our publishers.
Book Synopsis Comprehensive Dissertation Index by :
Download or read book Comprehensive Dissertation Index written by and published by . This book was released on 1984 with total page 792 pages. Available in PDF, EPUB and Kindle. Book excerpt: Vols. for 1973- include the following subject areas: Biological sciences, Agriculture, Chemistry, Environmental sciences, Health sciences, Engineering, Mathematics and statistics, Earth sciences, Physics, Education, Psychology, Sociology, Anthropology, History, Law & political science, Business & economics, Geography & regional planning, Language & literature, Fine arts, Library & information science, Mass communications, Music, Philosophy and Religion.
Book Synopsis Four Essays on Farmers' Behavior when Making Insurance, Grazing, and Seed Decisions in the Face of Uncertainty by : Yuyuan Che
Download or read book Four Essays on Farmers' Behavior when Making Insurance, Grazing, and Seed Decisions in the Face of Uncertainty written by Yuyuan Che and published by . This book was released on 2021 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: Decision-makers typically encounter at least some difficulties when making decisions about managing uncertain future outcomes. Traditional economic theory assumes that individuals seek to maximize expected profits or expected utility based on their available information. However, many studies have shown that these assumptions are violated in some cases, especially when people countenance uncertainty. Agricultural producers cannot avoid uncertainty about weather conditions, market fluctuations, and the effectiveness of technology choices when making important production decisions. A central theme of this dissertation is how agricultural producers make decisions with a particular focus on behavioral factors. The dissertation consists of four essays on farmers' decisions regarding crop insurance, rotational grazing, and seeding rates.The first essay explores whether and how farmers' crop insurance participation decisions are influenced by recent indemnity or weather events using historic federal crop insurance program data. With parametric and non-parametric methods, we find that higher past indemnities encourage farmers to participate in insurance programs and choose a higher coverage level, while prior adverse weather shocks work indirectly. We also find that the increase in participation due to indemnities peaks in the year following a loss.The second and third essays investigate how ranchers make decisions about whether to adopt rotational grazing practices. The second essay focuses on peer effects and subsidy impacts. With farm-level survey data, we apply a simultaneous-equations model to take account of endogeneity issues arising from peer effects. We find that there are significant peer effects in the adoption of rotational grazing, and that incentive policies will have multiplier effects in the long run on adoption through peer networking. The third essay investigates why ranchers who view rotational grazing as a win-win practice for both profit and the environment do not use the practice.The fourth and final essay studies how farmers' seeding rate choices respond to markets, resources, and technologies by considering a trade-off between more seeds and fewer resources allocated to each seed. Trends in seeding rates have differed between corn and soybean over the past several decades, but the underlying reasons for this have not received attention in the agronomic and economic literature. With a unique detailed U.S. farm-level market data, we find that soybean seeding rate choice is more price elastic than is that for corn, i.e., seed companies are likely to have less power in the soybean seed market. Most inputs that come with the land, and so are divided across all seeds increase corn and soybean seeding rates; while inputs that come with the seed increase corn seeding rates and decrease soybean seeding rates. As an application, we combine findings in the literature with our empirical analysis to conclude that tax or price policies that target the seed or crop will mitigate neonicotinoid-related ecological impacts.
Book Synopsis Risk Analysis in Theory and Practice by : Jean-Paul Chavas
Download or read book Risk Analysis in Theory and Practice written by Jean-Paul Chavas and published by Elsevier. This book was released on 2004-06-04 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of Risk Analysis in Theory and Practice is to present this analytical framework and to illustrate how it can be used in the investigation of economic decisions under risk. In a sense, the economics of risk is a difficult subject: it involves understanding human decisions in the absence of perfect information. How do we make decisions when we do not know some of events affecting us? The complexities of our uncertain world and of how humans obtain and process information make this difficult. In spite of these difficulties, much progress has been made. First, probability theory is the corner stone of risk assessment. This allows us to measure risk in a fashion that can be communicated among decision makers or researchers. Second, risk preferences are now better understood. This provides useful insights into the economic rationality of decision making under uncertainty. Third, over the last decades, good insights have been developed about the value of information. This helps better understand the role of information in human decision making and this book provides a systematic treatment of these issues in the context of both private and public decisions under uncertainty. Balanced treatment of conceptual models and applied analysis Considers both private and public decisions under uncertainty Website presents application exercises in Excel
Book Synopsis Comprehensive Dissertation Index: Business & economics, L-Z by :
Download or read book Comprehensive Dissertation Index: Business & economics, L-Z written by and published by . This book was released on 1984 with total page 794 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Alternative Models for Farm Planning Under Uncertainty by : William Charles Merrill
Download or read book Alternative Models for Farm Planning Under Uncertainty written by William Charles Merrill and published by . This book was released on 1964 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Agricultural Productivity and Producer Behavior by : Wolfram Schlenker
Download or read book Agricultural Productivity and Producer Behavior written by Wolfram Schlenker and published by University of Chicago Press. This book was released on 2019-11-13 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Agricultural yields have increased steadily in the last half century, particularly since the Green Revolution. At the same time, inflation-adjusted agricultural commodity prices have been trending downward as increases in supply outpace the growth of demand. Recent severe weather events, biofuel mandates, and a switch toward a more meat-heavy diet in emerging economies have nevertheless boosted commodity prices. Whether this is a temporary jump or the beginning of a longer-term trend is an open question. Agricultural Productivity and Producer Behavior examines the factors contributing to the remarkably steady increase in global yields and assesses whether yield growth can continue. This research also considers whether agricultural productivity growth has been, and will be, associated with significant environmental externalities. Among the topics studied are genetically modified crops; changing climatic factors; farm production responses to government regulations including crop insurance, transport subsidies, and electricity subsidies for groundwater extraction; and the role of specific farm practices such as crop diversification, disease management, and water-saving methods. This research provides new evidence that technological as well as policy choices influence agricultural productivity.
Book Synopsis Issues in Agribusiness and Agricultural Economics: 2011 Edition by :
Download or read book Issues in Agribusiness and Agricultural Economics: 2011 Edition written by and published by ScholarlyEditions. This book was released on 2012-01-09 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: Issues in Agribusiness and Agricultural Economics: 2011 Edition is a ScholarlyEditions™ eBook that delivers timely, authoritative, and comprehensive information about Agribusiness and Agricultural Economics. The editors have built Issues in Agribusiness and Agricultural Economics: 2011 Edition on the vast information databases of ScholarlyNews.™ You can expect the information about Agribusiness and Agricultural Economics in this eBook to be deeper than what you can access anywhere else, as well as consistently reliable, authoritative, informed, and relevant. The content of Issues in Agribusiness and Agricultural Economics: 2011 Edition has been produced by the world’s leading scientists, engineers, analysts, research institutions, and companies. All of the content is from peer-reviewed sources, and all of it is written, assembled, and edited by the editors at ScholarlyEditions™ and available exclusively from us. You now have a source you can cite with authority, confidence, and credibility. More information is available at http://www.ScholarlyEditions.com/.
Book Synopsis The Economics of Risk by : Donald J. Meyer
Download or read book The Economics of Risk written by Donald J. Meyer and published by W.E. Upjohn Institute. This book was released on 2003 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annotation This book contains a collection of papers that address various aspects of risk, including riskmanagement and how it is applied to decisionmaking and the impact of risk on markets
Book Synopsis Government Support to Agricultural Insurance by : Olivier Mahul
Download or read book Government Support to Agricultural Insurance written by Olivier Mahul and published by World Bank Publications. This book was released on 2010-03-08 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governments in developing countries have been increasingly involved in the support of agricultural (crop and livestock) insurance programs in recent years. In their attempts to design and implement agricultural insurance, they have sought technical and financial assistance from the international community and particularly from the World Bank. One of the recurrent requests from governments regards international experience with agricultural insurance, not only in developed countries, where in some cases agricultural insurance has been offered for more than a century, but also in middleand low-income countries. Governments are particularly interested in the technical, operational, financial, and institutional aspects of public support to agricultural insurance. 'Government Support to Agricultural Insurance' informs public and private decision makers involved in agricultural insurance about recent developments, with a particular focus on middle- and low-income countries. It presents an updated picture of the spectrum of institutional frameworks and experiences with agricultural insurance, ranging from countries in which the public sector provides no support to those in which governments heavily subsidize agricultural insurance. This analysis is based on a survey conducted by the World Bank s agricultural insurance team in 2008 in 65 developed and developing countries. Drawing on the survey results, the book identifies some key roles governments can play to support the development of sustainable, affordable, and cost-effective agricultural insurance programs.
Book Synopsis New Risks: Issues and Management by : Louis A. Cox
Download or read book New Risks: Issues and Management written by Louis A. Cox and published by Springer Science & Business Media. This book was released on 2013-06-29 with total page 701 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume contains the proceedings of the 1986 annual meeting and conference of the Society for Risk Analysis. It provides a detailed view of both mature disciplines and emerging areas within the fields of health, safety, and environmental risk analysis as they existed in 1986. In selecting and organizing topics for this conference, we sought both (i) to identify and include new ideas and application areas that would be of lasting interest to risk analysts and to users of risk analysis results, and (ii) to include innovative methods and applications in established areas of risk analysis. In the three years since the conference, many of the topics presented there for the first time to a broad risk analysis audience have become well developed-and sometimes hotly debated-areas of applied risk research. Several, such as the public health hazards from indoor air pollutants, radon in the home, high-voltage electric fields, and the AIDS epidemic, have been the subjects of headlines since 1986. Older areas, such as hazardous waste site ranking and remediation, air emissions dispersion modeling and exposure assessment, transportation safety, seismic and nuclear risk assessment, and occupational safety in the chemical industry, have continued to receive new treatments and to benefit from advances in quantitative risk assessment methods, as documented in the theoretical and methodological papers in this volume. A theme of the meeting was the importance of new technologies and the new and uncertain risks that they create.
