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Simulation: Methodology and Application in Agricultural Economics

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  • Anderson, Jock R.

Abstract

The diverse modelling activity coming under a defined concept of Simulation is reviewed first through a general outline of suggested methodology and secondly through a survey of applications in agricultural economics and kindred disciplines. The review concludes with a consideration of present problems with and future prospects for this increasingly important tool.

Suggested Citation

  • Anderson, Jock R., 1974. "Simulation: Methodology and Application in Agricultural Economics," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 42(01), March.
  • Handle: RePEc:ags:remaae:9675
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    File URL: http://purl.umn.edu/9675
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    References listed on IDEAS

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    1. Dillon, John L., 1971. "An Expository Review of Bernoullian Decision Theory in Agriculture: Is Utility Futility?," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 39(01), March.
    2. I.D. McArthur & John L. Dillon, 1971. "Risk, Utility And Stocking Rate," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 15(1), pages 20-35, April.
    3. McArthur, I.D. & Dillon, John L., 1971. "Risk, Utility And Stocking Rate," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 15(01), April.
    4. Malinvaud, E, 1969. "First Order Certainty Equivalence," Econometrica, Econometric Society, vol. 37(4), pages 706-718, October.
    5. Tisdell, Clem, 1970. "Implications of Learning for Economic Planning," Economic Change and Restructuring, Springer, vol. 10(3), pages 177-192.
    6. Emilio M. Francisco & Jock R. Anderson, 1972. "Chance And Choice West Of The Darling," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 16(2), pages 82-93, August.
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    Citations

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    Cited by:

    1. Oriade, Caleb A. & Dillon, Carl R., 1997. "Developments in biophysical and bioeconomic simulation of agricultural systems: a review," Agricultural Economics, Blackwell, vol. 17(1), pages 45-58, October.
    2. Mole, Paulo Nicua, 2000. "Smallholder Cashew Development Opportunities and Linkages to Food Security in Nampula Province, Mozambique: Summary of Findings and Implications for Policy, Research and Extension Efforts," Food Security Collaborative Working Papers 56043, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    3. Anderson, J.R., 1989. "Forecasting, uncertainty, and public project appraisal," Policy Research Working Paper Series 154, The World Bank.
    4. Ramirez, Octavio A. & Somarriba, Eduardo, 2000. "Risk And Returns Of Diversified Cropping Systems Under Nonnormal, Cross-, And Autocorrelated Commodity Price Structures," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 25(02), December.
    5. Shibia, Mumina Guyo, 2010. "Evaluation of Economic Losses in Rearing Replacement Heifers in Pastoral and Peri-Urban Camel Herds of Isiolo District, Kenya," Research Theses 134493, Collaborative Masters Program in Agricultural and Applied Economics.
    6. Jock R. Anderson, 1983. "On Risk Deductions In Public Project Appraisal," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 27(3), pages 231-239, December.
    7. Oriade, Caleb A. & Dillon, Carl R., 1997. "Developments in biophysical and bioeconomic simulation of agricultural systems: a review," Agricultural Economics of Agricultural Economists, International Association of Agricultural Economists, vol. 17(1), October.
    8. Beck, Anthony C. & Dent, J. Barry, 1987. "A Farm Growth Model For Policy Analysis In An Extensive Pastoral Production System," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 31(01), April.
    9. Robert J. Myers & Roley R. Piggott & T. Gordon MacAulay, 1985. "Effects Of Past Australian Wheat Price Policies On Key Industry Variables," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 29(1), pages 1-15, April.
    10. Richardson, R.A. & Hardaker, J.B. & Anderson, Jock R., 1976. "Farm-level Decision Models for Developed Agriculture," 1976 Conference, July 26-August 4, 1976, Nairobi, Kenya 182312, International Association of Agricultural Economists.
    11. Liu, Hsiang-Hsi, 1983. "An annual simultaneous equation econometric model of U.S. corn and soybean cash and futures markets," ISU General Staff Papers 198301010800009935, Iowa State University, Department of Economics.
    12. Nelson, Glenn L. & Stenberg, Peter L., 1987. "A Simulation Model Of A Political Economy," Staff Papers 14258, University of Minnesota, Department of Applied Economics.
    13. Wegener, Malcolm Keith, 1995. "Modelling studies in the Australian sugar industry," Dissertations-Doctoral 253208, AgEcon Search.
    14. Hall, Nigel H. & Menz, Kenneth M., 1985. "Product Supply Elasticities for the Australian Broadacre Industries, Estimated with a Programming Model," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 53(01), April.
    15. Greig, I.D., 1981. "Agricultural Research Management and the Ex Ante Evaluation of Research Proposals : A Review," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 49(02), August.
    16. King, Robert P., 1979. "Operational Techniques for Applied Decision Analysis Under Uncertainty," AAEA Fellows - Dissertations and Theses, Agricultural and Applied Economics Association, number 181951.
    17. Roberts, Roland Keith, 1979. "Analysis of selected policy impacts on the U.S. livestock sector by a five-commodity econometric simulation model," ISU General Staff Papers 197901010800008306, Iowa State University, Department of Economics.
    18. Ramirez, Octavio A. & McDonald, Tanya U., 2006. "The Expanded Johnson System: A Highly Flexible Crop Yield Distribution Model," 2006 Annual meeting, July 23-26, Long Beach, CA 21455, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    19. Mapp, Harry P., Jr. & Eidman, Vernon R., 1975. "Simulation Of Soil Water-Crop Yield Systems: The Potential For Economic Analysis," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 7(01), July.
    20. Held, Larry J. & Helmers, Glenn A., 1981. "Growth And Survival In Wheat Farming: The Impact Of Land Expansion And Borrowing Restraints," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 6(02), December.
    21. Pachepsky, L. B. & Haskett, J. D. & Acock, B., 1996. "An adequate model of photosynthesis--I Parameterization, validation and comparison of models," Agricultural Systems, Elsevier, vol. 50(2), pages 209-225.
    22. Ramirez, Octavio A. & Sosa, Romeo, 2000. "Risk Analysis Under Correlated, Non-Normal Price And Yield Probability Distributions," 2000 Annual meeting, July 30-August 2, Tampa, FL 21888, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    23. Ramirez, Octavio A. & Sosa, Romeo, 2000. "Assessing The Financial Risks Of Diversified Coffee Production Systems: An Alternative Nonnormal Cdf Estimation Approach," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 25(01), July.
    24. 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.

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