ESTIMATING THE VALUE OF SEQUENTIAL UPDATING SOLUTIONS FOR INTRAYEAR CROP MANAGEMENT Report as inadecuate




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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.

Subject(s): Crop Production/Industries

Issue Date: 1989-07

Publication Type: Journal Article

PURL Identifier: http://purl.umn.edu/32447 Published in: Western Journal of Agricultural Economics, Volume 14, Number 1 Page range: 1-8

Total Pages: 8

Record appears in: Western Agricultural Economics Association > Western Journal of Agricultural Economics





Author: Mjelde, James W. ; Dixon, Bruce L. ; Sonka, Steven T.

Source: http://ageconsearch.umn.edu/record/32447?ln=en







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