IDEAS home Printed from https://ideas.repec.org/a/ags/sojoae/30109.html
   My bibliography  Save this article

A Generalized Stochastic Dominance Program For The Ibm Pc

Author

Listed:
  • Goh, Siew
  • Shih, Chao-Chyuan
  • Cochran, Mark J.
  • Raskin, Rob

Abstract

A microcomputer program to perform Generalized Stochastic Dominance (GSD), Quasi-Second Degree Dominance (SSD), and Quasi-First Degree Stochastic Dominance (FSD) is described. The program is designed to run on IBM-compatible personal computers with a Hercules or CGA graphics adapter. It is menu-driven and has options for GSD, quasi-FSD, quasi-SSD, graphics, and calculations of premiums associated with use of dominant distributions.

Suggested Citation

  • Goh, Siew & Shih, Chao-Chyuan & Cochran, Mark J. & Raskin, Rob, 1989. "A Generalized Stochastic Dominance Program For The Ibm Pc," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 21(2), pages 1-8, December.
    • Handle: RePEc:ags:sojoae:30109
    DOI: 10.22004/ag.econ.30109
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/30109/files/21020175.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.30109?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Byerlee, Derek R. & Anderson, Jock R., 1982. "Risk, Utility and the Value of Information in Farmer Decision Making," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 50(03), pages 1-16, December.
    2. Meyer, Jack, 1977. "Choice among distributions," Journal of Economic Theory, Elsevier, vol. 14(2), pages 326-336, April.
    3. Robert P. King & George E. Oamek, 1983. "Risk Management by Colorado Dryland Wheat Farmers and the Elimination of the Disaster Assistance Program," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(2), pages 247-255.
    4. Darrell J. Bosch & Vernon R. Eidman, 1987. "Valuing Information When Risk Preferences Are Nonneutral: An Application to Irrigation Scheduling," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 69(3), pages 658-668.
    5. Ronald W. Hilton, 1981. "The Determinants of Information Value: Synthesizing Some General Results," Management Science, INFORMS, vol. 27(1), pages 57-64, January.
    6. King, Robert P. & Lybecker, Donald W., 1983. "Flexible, Risk-Oriented Marketing Strategies For Pinto Bean Producers," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 8(2), pages 1-10, December.
    7. Rister, M. Edward & Skees, Jerry R. & Black, J. Roy, 1984. "Evaluating Use Of Outlook Information In Grain Sorghum Storage Decisions," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 16(1), pages 1-8, July.
    8. Randall A. Kramer & Rulon D. Pope, 1981. "Participation in Farm Commodity Programs: A Stochastic Dominance Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 63(1), pages 119-128.
    9. Mark J. Cochran & Lindon J. Robison & Weldon Lodwick, 1985. "Improving the Efficiency of Stochastic Dominance Techniques Using Convex Set Stochastic Dominance," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 67(2), pages 289-295.
    10. Anaman, Kwabena A. & Boggess, William G., 1986. "A Stochastic Dominance Analysis Of Alternative Marketing Strategies For Mixed Crop Farms In North Florida," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 18(2), pages 1-9, December.
    11. Anaman, Kwabena A. & Boggess, William G., 1986. "A Stochastic Dominance Analysis of Alternative Marketing Strategies for Mixed Crop Farms in North Florida," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 18(2), pages 257-266, December.
    12. Catherine R. Greene & Randall A. Kramer & George W. Norton & Edwin G. Rajotte & McPherson Robert M., 1985. "An Economic Analysis of Soybean Integrated Pest Management," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 67(3), pages 567-572.
    13. Cochran, Mark J., 1986. "Stochastic Dominance: The State Of The Art In Agricultural Economics," Regional Research Projects > 1986: S-180 Annual Meeting, March 23-26, 1986, Tampa, Florida 271995, Regional Research Projects > S-180: An Economic Analysis of Risk Management Strategies for Agricultural Production Firms.
    14. Loren W. Tauer, 1985. "Use of Life Insurance to Fund the Farm Purchase from Heirs," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 67(1), pages 60-69.
    15. Rister, M. Edward & Skees, Jerry R. & Black, J. Roy, 1984. "Evaluating Use of Outlook Information in Grain Sorghum Storage Decisions," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 16(1), pages 151-158, July.
    16. Abdulla B. Danok & Bruce A. McCarl & T. Kelley White, 1980. "Machinery Selection Modeling: Incorporation of Weather Variability," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(4), pages 700-708.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Scott Johnson, C. & Foster, Kenneth A., 1994. "Risk Preferences and Contracting In the U.S. Hog Industry," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 26(2), pages 393-405, December.
    2. Liu, Yangxuan & Langemeier, Michael & Wise, Kiersten, 2015. "Economic Benefits of Fungicide Use in Corn Production," 2015 Annual Meeting, January 31-February 3, 2015, Atlanta, Georgia 196804, Southern Agricultural Economics Association.
    3. J. Brian Hardaker & James W. Richardson & Gudbrand Lien & Keith D. Schumann, 2004. "Stochastic efficiency analysis with risk aversion bounds: a simplified approach," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 48(2), pages 253-270, June.
    4. Coffey, Brian K. & Skees, Jerry R. & Dillon, Carl R. & Anderson, John D., 2001. "Potential Effects Of Subsidized Livestock Insurance On Livestock Production," 2001 Annual meeting, August 5-8, Chicago, IL 20606, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. Wes Harrison, R. & Bobst, Barry W. & Benson, Fred J. & Meyer, Lee, 1996. "Analysis of the Risk Management Properties of Grazing Contracts Versus Futures and Option Contracts," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 28(2), pages 247-262, December.
    6. Jourdain, Damien & Scopel, Eric & Affholder, Francois, 2001. "The Impact Of Conservation Tillage On The Productivity And Stability Of Maize Cropping Systems: A Case Study In Western Mexico," Economics Working Papers 46549, CIMMYT: International Maize and Wheat Improvement Center.
    7. Larson, James A. & Roberts, Roland K. & Tyler, Donald D. & Duck, Bob N. & Slinsky, Stephen P., 1998. "Nitrogen-Fixing Winter Cover Crops And Production Risk: A Case Study For No-Tillage Corn," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 30(1), pages 1-12, July.
    8. Williams, Jeffery R. & Tanaka, Donald L. & Herbel, Kevin L., 1993. "Farm Value Of Topsoil In Spring Wheat Production," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 18(1), pages 1-14, July.
    9. Langemeier, Michael R., 2013. "Impact of Crop Insurance Indemnity Payments on Cash Rents and Land Values," 2013 AAEA: Crop Insurance and the Farm Bill Symposium 156836, Agricultural and Applied Economics Association.
    10. Farmer, Douglas L. & Alipoe, Dovi & Hughes, Carl R., 2000. "Terminal Market Windows For Mississippi Small-Farm Vegetable Producers," Journal of Food Distribution Research, Food Distribution Research Society, vol. 31(1), pages 1-6, March.
    11. Giesler, G. Grant & Paxton, Kenneth W. & Millhollon, E.P., 1993. "A Gsd Estimation Of The Relative Worth Of Cover Crops In Cotton Production Systems," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 18(1), pages 1-10, July.
    12. Johnson, A. K. L. & Cramb, R. A., 1996. "Integrated land evaluation to generate risk-efficient land-use options in a coastal catchment," Agricultural Systems, Elsevier, vol. 50(3), pages 287-305.
    13. Griffith, Andrew P. & Larson, James A. & English, Burton C. & McLemore, Dan L., 2009. "Stochastic Dominance Analysis of Bioenergy Crops as a Production Alternative on an East Tennessee Beef and Crop Farm," 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia 46811, Southern Agricultural Economics Association.
    14. Dahl, Bruce L. & Wilson, William W. & Nganje, William E., 2004. "Stochastic Dominance in Wheat Variety Development and Release Strategies," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 29(1), pages 1-18, April.
    15. McCarl, Bruce A., 1990. "Generalized Stochastic Dominance: An Empirical Examination," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 22(1), pages 1-7, December.
    16. Harrison, R. Wes, 1998. "Stochastic Dominance Analysis Of Futures And Option Strategies For Hedging Feeder Cattle," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 27(2), pages 1-11, October.
    17. Larson, James A. & Mapp, Harry P., Jr., 1997. "Cotton Cultivar, Planting, Irrigating, And Harvesting Decisions Under Risk," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 22(1), pages 1-17, July.
    18. Haag, Andrew A. & Held, Larry J. & Krall, James M. & Delaney, Ronald H. & Miller, Stephen D. & Claypool, David A., 2003. "Replacing Summer Fallow with a Summer Grazed Legume Crop in Rotation with Wheat or Wheat-Sunflower-Millet," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2003, pages 1-11.
    19. Giesler, G. Grant & Paxton, Kenneth W. & Millhollon, E. P., 1991. "A Gsd Estimation Of The Relative Worth Of Cover Crops In Cotton Production Systems," 1991 Annual Meeting, August 4-7, Manhattan, Kansas 271255, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    20. Lien, Gudbrand, 2003. "Assisting whole-farm decision-making through stochastic budgeting," Agricultural Systems, Elsevier, vol. 76(2), pages 399-413, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Cochran, Mark J., 1986. "Stochastic Dominance: The State Of The Art In Agricultural Economics," Regional Research Projects > 1986: S-180 Annual Meeting, March 23-26, 1986, Tampa, Florida 271995, Regional Research Projects > S-180: An Economic Analysis of Risk Management Strategies for Agricultural Production Firms.
    2. Liu, Yangxuan & Langemeier, Michael & Small, Ian & Joseph, Laura & Fry, William, 2015. "Risk management strategies using potato precision farming technology," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205417, Agricultural and Applied Economics Association.
    3. Yangxuan Liu & Michael R. Langemeier & Ian M. Small & Laura Joseph & William E. Fry & Jean B. Ristaino & Amanda Saville & Benjamin M. Gramig & Paul V. Preckel, 2018. "A Risk Analysis of Precision Agriculture Technology to Manage Tomato Late Blight," Sustainability, MDPI, vol. 10(9), pages 1-19, August.
    4. Raskin, Rob & Cochran, Mark J., 1986. "Interpretations And Transformations Of Scale For The Pratt-Arrow Absolute Risk Aversion Coefficient: Implications For Generalized Stochastic Dominance," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 11(2), pages 1-7, December.
    5. Bruce A. McCarl & David A. Bessler, 1989. "Estimating An Upper Bound On The Pratt Risk A Version Coefficient When The Utility Function Is Unknown," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 33(1), pages 56-63, April.
    6. N. Becker, 1999. "A comparative analysis of water price support versus drought compensation scheme," Agricultural Economics, International Association of Agricultural Economists, vol. 21(1), pages 81-92, August.
    7. Anaman, Kwabena A. & Boggess, William G., 1986. "A Stochastic Dominance Analysis Of Alternative Marketing Strategies For Mixed Crop Farms In North Florida," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 18(2), pages 1-9, December.
    8. Babcock, Bruce A. & Choi, E. Kwan & Feinerman, Eli, 1993. "Risk And Probability Premiums For Cara Utility Functions," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 18(1), pages 1-8, July.
    9. Ritchie, John W. & Abawi, G. Yahya & Dutta, Sunil C. & Harris, Trevor R. & Bange, Michael, 2004. "Risk management strategies using seasonal climate forecasting in irrigated cotton production: a tale of stochastic dominance," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 48(1), pages 1-29.
    10. John W. Ritchie & G. Yahya Abawi & Sunil C. Dutta & Trevor R. Harris & Michael Bange, 2004. "Risk management strategies using seasonal climate forecasting in irrigated cotton production: a tale of stochastic dominance," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 48(1), pages 65-93, March.
    11. David J. Pannell, 1991. "Pests and pesticides, risk and risk aversion," Agricultural Economics, International Association of Agricultural Economists, vol. 5(4), pages 361-383, August.
    12. Musser, Wesley N., 1994. "Progress In Risk Analysis In Regional Projects," 1994 Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses Risk, Technical Committee Meeting, March 24-26, 1994, Gulf Shores State Park, Alabama 271553, Regional Research Projects > S-232: Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk.
    13. McCarl, Bruce A., 1988. "Preference Among Risky Prospects Under Constant Risk Aversion," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 20(2), pages 25-34, December.
    14. Wetzstein, Michael E. & Szmedra, Philip I. & McClendon, Ronald W. & Edwards, David M., 1988. "Efficiency Criteria And Risk Aversion: An Empirical Evaluation," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 20(1), pages 1-8, July.
    15. Anderson, Jock R. & Dillon, John L. & Hardaker, J. Brian, 1985. "Farmers and Risk," 1985 Conference, August 26-September 4, 1985, Malaga, Spain 183026, International Association of Agricultural Economists.
    16. Teague, Paul W. & Lee, John G., 1988. "Risk Efficient Perennial Crop Selection: A Motad Approach To Citrus Production," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 20(2), pages 1-8, December.
    17. Liu, Yangxuan & Langemeier, Michael & Small, Ian & Joseph, Laura & Fry, William & Ristaino, Jean & Saville, Amanda, 2017. "A Risk Analysis of precision farming for tomato production," 2017 Annual Meeting, February 4-7, 2017, Mobile, Alabama 253119, Southern Agricultural Economics Association.
    18. Jourdain, Damien & Scopel, Eric & Affholder, Francois, 2001. "The Impact Of Conservation Tillage On The Productivity And Stability Of Maize Cropping Systems: A Case Study In Western Mexico," Economics Working Papers 46549, CIMMYT: International Maize and Wheat Improvement Center.
    19. Schoney, R. A., 1990. "An Analysis of Wheat Supply Response Under Risk and Uncertainty," Working Papers 244030, Agriculture and Agri-Food Canada.
    20. Lindner, Bob, 1987. "Toward A Framework for Evaluating Agricultural Economics Research," Discussion Papers 315419, University of Western Australia, School of Agricultural and Resource Economics.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:sojoae:30109. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/saeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.