IDEAS home Printed from https://ideas.repec.org/a/ags/joaaec/356530.html

Dynamic Optimization of Nitrogen in Plateau Cotton Yield Functions with Nitrogen Carryover Considerations

Author

Listed:
  • Dhakal, Chandra
  • Lange, Kelly
  • Parajulee, Megha N.
  • Segarra, Eduardo

Abstract

This study utilizes a dynamic programming decision model, considering an intertemporal nitrogen carryover function, combined with both linear stochastic and deterministic plateau response functions to evaluate optimal nitrogen fertilizer decision rules and net present values (NPVs) in Texas High Plains cotton production. Nitrogen recommendations and NPVs are influenced by response function choice and nitrogen-to-cotton price ratios. Results indicate the stochastic plateau function better describes the data; the optimum nitrogen recommendation is to apply approximately 40 lb. of nitrogen for each bale of cotton production when considering nitrogen carryover information.

Suggested Citation

  • Dhakal, Chandra & Lange, Kelly & Parajulee, Megha N. & Segarra, Eduardo, . "Dynamic Optimization of Nitrogen in Plateau Cotton Yield Functions with Nitrogen Carryover Considerations," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 51(3).
    • Handle: RePEc:ags:joaaec:356530
    DOI: 10.22004/ag.econ.356530
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/356530/files/dynamic-optimization-of-nitrogen-in-plateau-cotton-yield-functions-with-nitrogen-carryover-considerations.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.356530?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. Léonard,Daniel & Long,Ngo van, 1992. "Optimal Control Theory and Static Optimization in Economics," Cambridge Books, Cambridge University Press, number 9780521331586, January.
    Full references (including those not matched with items on IDEAS)

    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. Frédéric Gannon & Vincent Touzé, 2006. "Insurance and Optimal Growth," Post-Print halshs-00085181, HAL.
    2. Horioka, Charles Yuji & Gahramanov, Emin & Hayat, Aziz & Tang, Xueli, 2021. "The impact of bequest motives on labor supply and retirement behavior in Japan: A theoretical and empirical analysis," Journal of the Japanese and International Economies, Elsevier, vol. 62(C).
    3. Van Long, Ngo & Shimomura, Koji, 1998. "Some results on the Markov equilibria of a class of homogeneous differential games," Journal of Economic Behavior & Organization, Elsevier, vol. 33(3-4), pages 557-566, January.
    4. Florence TOUYA, 2009. "Tax Interactions with Asymmetric Information and Nonlinear Instruments," Working Papers 9, CATT - UPPA - Université de Pau et des Pays de l'Adour, revised Nov 2009.
    5. Zon, Adriaan van, 2016. "On the optimum timing of the global carbon-transition under conditions of extreme weather-related damages: further green paradoxical results," MERIT Working Papers 2016-010, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    6. Alice Issanchou & Karine Daniel & Pierre Dupraz & Carole Ropars-Collet, 2018. "Soil resource and the profitability and sustainability of farms: A soil quality investment model," Working Papers SMART 18-01, INRAE UMR SMART.
    7. Benchekroun, Hassan & van Long, Ngo, 1998. "Efficiency inducing taxation for polluting oligopolists," Journal of Public Economics, Elsevier, vol. 70(2), pages 325-342, November.
    8. Manuel A. Gómez, 2022. "The good, the bad and the worse: current, past and future consumption externalities and equilibrium efficiency," Journal of Economics, Springer, vol. 137(3), pages 195-228, December.
    9. Domínguez-May, Roger & Poot-López, Gaspar R. & Hernández, Juan & Gasca-Leyva, Eucario, 2020. "Dynamic optimal ration size in tilapia culture: Economic and environmental considerations," Ecological Modelling, Elsevier, vol. 420(C).
    10. James M. Malcomson, 2011. "Do Managers with Limited Liability Take More Risky Decisions? An Information Acquisition Model," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 20(1), pages 83-120, March.
    11. repec:spo:wpmain:info:hdl:2441/4422 is not listed on IDEAS
    12. Miraldo, Marisa & Siciliani, Luigi & Street, Andrew, 2011. "Price adjustment in the hospital sector," Journal of Health Economics, Elsevier, vol. 30(1), pages 112-125, January.
    13. Louis-Pascal Mahé & Carole Ropars, 2001. "L'exploitation régulée d'une ressource renouvelable : inefficacité d'un rationnement factoriel et efficacité des quotas individuels transférables," Économie et Prévision, Programme National Persée, vol. 148(2), pages 141-156.
    14. Zeiler, I. & Caulkins, J.P. & Tragler, G., 2011. "Optimal control of interacting systems with DNSS property: The case of illicit drug use," Journal of Economic Behavior & Organization, Elsevier, vol. 78(1), pages 60-73.
    15. Florence Lachet-Touya, 2013. "Tax Interactions with Asymmetric Information and Nonlinear Instruments," Working papers of CATT hal-02945285, HAL.
    16. Brekke, Kurt R. & Cellini, Roberto & Siciliani, Luigi & Straume, Odd Rune, 2010. "Competition and quality in health care markets: A differential-game approach," Journal of Health Economics, Elsevier, vol. 29(4), pages 508-523, July.
    17. Florence Lachet-Touya, 2009. "Tax Interactions with Asymmetric Information and Nonlinear Instruments," Working papers of CATT hal-03551027, HAL.
    18. Gaudet, Gerard & Moreaux, Michel & Withagen, Cees, 2006. "The Alberta dilemma: Optimal sharing of a water resource by an agricultural and an oil sector," Journal of Environmental Economics and Management, Elsevier, vol. 52(2), pages 548-566, September.
    19. Florence Lachet-Touya, 2016. "EU tax competition and tax avoidance: A multiprincipal perspective," Working papers of CATT hal-02939340, HAL.
    20. Kudła Janusz & Kopczewska Katarzyna & Kocia Agata & Kruszewski Robert & Walczyk Konrad, 2018. "Dynamic Fiscal Solvency with Consumption and Capital Taxes," Central European Economic Journal, Sciendo, vol. 5(52), pages 96-108, January.
    21. Horan, R.D. & Bulte, E.H., 2004. "Optimal and open access harvesting and multi-use species in a second best world," Other publications TiSEM 95000e50-7225-4f4d-aeaf-a, Tilburg University, School of Economics and Management.

    More about this item

    Keywords

    ;

    Statistics

    Access and download statistics

    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:joaaec:356530. 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.