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Linear Response Stochastic Plateau Functions

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  • Tembo, Gelson
  • Brorsen, B. Wade
  • Epplin, Francis M.

Abstract

A method of estimating a linear response stochastic plateau function is developed and used to determine optimal levels of nitrogen fertilization for wheat. Under the stochastic plateau model, optimizing behavior implies different nitrogen levels than the linear plateau model, depending on the output/input price ratio relative to a threshold level.

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File URL: http://purl.umn.edu/35217
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Bibliographic Info

Paper provided by Southern Agricultural Economics Association in its series 2003 Annual Meeting, February 1-5, 2003, Mobile, Alabama with number 35217.

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Date of creation: 2003
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Handle: RePEc:ags:saeatm:35217

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Keywords: Research Methods/ Statistical Methods;

References

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  1. Peter Kennedy, 2003. "A Guide to Econometrics, 5th Edition," MIT Press Books, The MIT Press, edition 5, volume 1, number 026261183x, December.
  2. Pautsch, Gregory R. & Babcock, Bruce A. & Breidt, F. J., 1999. "Optimal Information Acquisition Under a Geostatistical Model," Staff General Research Papers 1517, Iowa State University, Department of Economics.
  3. Babcock, Bruce A., 1992. "Effects of Uncertainty on Optimal Nitrogen Applications (The)," Staff General Research Papers 10588, Iowa State University, Department of Economics.
  4. Robert G. Chambers & Erik Lichtenberg, 1996. "A Nonparametric Approach to the von Liebig-Paris Technology," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(2), pages 373-386.
  5. Kyle W. Stiegert & Thomas W. Hertel, 1997. "Optimal Capacity in the Anhydrous Ammonia Industry," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(4), pages 1096-1107.
  6. Llewelyn, Richard V. & Featherstone, Allen M., 1997. "A comparison of crop production functions using simulated data for irrigated corn in western Kansas," Agricultural Systems, Elsevier, vol. 54(4), pages 521-538, August.
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Cited by:
  1. Roberts, David C. & Brorsen, B. Wade & Raun, William R. & Solie, John B., 2008. "The Value of Regional Annual Nitrogen Needs Information for Wheat Producers in Oklahoma," 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas 6734, Southern Agricultural Economics Association.
  2. Brorsen, B. Wade, 2013. "Using Bayesian Estimation and Decision Theory to Determine the Optimal Level of Nitrogen in Cotton," 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida 142951, Southern Agricultural Economics Association.

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