Risk evaluation of early termination for pest control in cotton

Risk evaluation of early termination for pest control in cotton

The exponential utility, moment-generating function approach to stochastic efficiency is used to evaluate pest control technologies for cotton under normal, gamma, and beta distributed crop yields. Results suggest that early termination of cotton is more profitable than current practice but may not...

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Veröffentlicht in:Western Journal of Agricultural Economics 1984-07, Vol.9 (1), p.145-151
Hauptverfasser: Moffitt, L.J, Burrows, T.M, Baritelle, J.L, Sevacherian, V
Format: Artikel
Sprache:eng
Schlagworte:
Agricultural economics
Agricultural seasons
ALGODON
ANALISIS ECONOMICO
ANALYSE ECONOMIQUE
CALIFORNIA
CALIFORNIE
CONTROL DE PLAGAS
Cost control
COTON
COTTON
Crop economics
Crops
ECONOMIC ANALYSIS
imperial valley
Integrated pest management
LUTTE ANTI-PARASITE
PEST CONTROL
Pests
RIESGO
RISK
Risk aversion
RISQUE
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Beschreibung
Zusammenfassung:The exponential utility, moment-generating function approach to stochastic efficiency is used to evaluate pest control technologies for cotton under normal, gamma, and beta distributed crop yields. Results suggest that early termination of cotton is more profitable than current practice but may not be preferred if risk aversion characterizes grower behavior. Research directions and policy implications are indicated.
ISSN:0162-1912
1068-5502
2327-8277
2327-8285