IDEAS home Printed from https://ideas.repec.org/a/bla/ajarec/v31y1987i2p127-141.html
   My bibliography  Save this article

Subjective Distributions As Econometric Response Data

Author

Listed:
  • William E. Griffiths
  • Jock R. Anderson
  • K.B. Hamal

Abstract

Analysis of actual observations of response processes is a routine procedure in applied econometrics but methods of dealing with purely subjective probability distributions as response 'data' have seemingly not hitherto been worked out. The models and methods developed here go some way to filling this void. They are illustrated by using information from a cross-sectional study of sixty Nepalese small-scale farmers. Means and variances of subjective probability distributions for rice paddy yields under different technologies are related to controlled inputs, such as fertiliser levels, and to relevant socio-economic aspects of farmers themselves, such as technological knowledge and farm size.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • William E. Griffiths & Jock R. Anderson & K.B. Hamal, 1987. "Subjective Distributions As Econometric Response Data," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 31(2), pages 127-141, August.
  • Handle: RePEc:bla:ajarec:v:31:y:1987:i:2:p:127-141
    DOI: j.1467-8489.1987.tb00670.x
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1111/j.1467-8489.1987.tb00670.x
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/j.1467-8489.1987.tb00670.x?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
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    as
    1. Griffiths, William E., 1986. "A Bayesian Framework For Optimal Input Allocation With An Uncertain Stochastic Production Function," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 30(2-3), pages 1-25, August.
    2. Just, Richard E. & Pope, Rulon D., 1978. "Stochastic specification of production functions and economic implications," Journal of Econometrics, Elsevier, vol. 7(1), pages 67-86, February.
    3. Amemiya, Takeshi, 1977. "A note on a heteroscedastic model," Journal of Econometrics, Elsevier, vol. 6(3), pages 365-370, November.
    4. Rosegrant, Mark W. & Roumasset, James A., 1985. "The Effect Of Fertiliser On Risk: A Heteroscedastic Production Function With Measurable Stochastic Inputs," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 29(2), pages 1-15, August.
    5. Anderson, Jock R. & Dillon, John L. & Hardaker, Brian, 1977. "Agricultural Decision Analysis," Monographs: Applied Economics, AgEcon Search, number 288652, July.
    6. Roumasset, James A., 1974. "Estimating The Risk Of Alternate Techniques: Nitrogenous Fertilization Of Rice In The Philippines," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 42(04), pages 1-38, December.
    7. Antle, John M, 1983. "Testing the Stochastic Structure of Production: A Flexible Moment-based Approach," Journal of Business & Economic Statistics, American Statistical Association, vol. 1(3), pages 192-201, July.
    8. Jock R. Anderson, 1973. "Sparse Data, Climatic Variability, and Yield Uncertainty in Response Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 55(1), pages 77-82.
    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. Kwabena Krah & Daniel R Petrolia & Angelica Williams & Keith H Coble & Ardian Harri & Roderick M Rejesus, 2018. "Producer Preferences for Contracts on a Risky Bioenergy Crop," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 40(2), pages 240-258.
    2. Norris, Patricia E. & Kramer, Randall A., 1990. "The Elicitation of Subjective Probabilities with Applications in Agricultural Economics," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 58(02-03), pages 1-21, December.

    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. Rosegrant, Mark W. & Roumasset, James A., 1985. "The Effect Of Fertiliser On Risk: A Heteroscedastic Production Function With Measurable Stochastic Inputs," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 29(2), pages 1-15, August.
    2. Antti Saastamoinen, 2015. "Heteroscedasticity Or Production Risk? A Synthetic View," Journal of Economic Surveys, Wiley Blackwell, vol. 29(3), pages 459-478, July.
    3. Abedullah & Sushil Pandey, 2007. "The Value of Rainfall Forecasts in the Rainfed Rice Areas of the Philippines," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 12(2), pages 69-81, Jul-Dec.
    4. Hassan, Rashid M. & D'Silva, Brian & Hallam, A., 1989. "Normative Supply Response Analysis under Production Uncertainty: Irrigated Multicrop Farming Sector of Sudan," 1989 Occasional Paper Series No. 5 197677, International Association of Agricultural Economists.
    5. Antle, John M. & Goodger, William A., 1983. "Measuring Stochastic Technology: The Case Of Tulare Milk Production," Working Papers 225708, University of California, Davis, Department of Agricultural and Resource Economics.
    6. Phoebe Koundouri, 2004. "Current Issues in the Economics of Groundwater Resource Management," Journal of Economic Surveys, Wiley Blackwell, vol. 18(5), pages 703-740, December.
    7. Anderson, Jock R. & Griffiths, William E., 1982. "Production Risk And Efficient Allocation Of Resources," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 26(3), pages 1-7, December.
    8. Antle, John, 1987. "Technology and Uncertainty: Evidence from Egypt," 1987 Occasional Paper Series No. 4 197406, International Association of Agricultural Economists.
    9. Antle, John M., 1982. "Testing The Stochastic Structure Of Production: A Flexible Moment-Based Approach," Working Papers 225697, University of California, Davis, Department of Agricultural and Resource Economics.
    10. Celine Nauges & Phoebe Koundouri & Vangelis Tzouvelekas, 2004. "Endogenous Technology Adoption Under Production Risk: Theory and Application to Irrigation Technology," Working Papers 0411, University of Crete, Department of Economics.
    11. Jock R. Anderson & William E. Griffiths, 1981. "Production Risk And Input Use: Pastoral Zone Of Eastern Australia," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 25(2), pages 149-159, August.
    12. Elizabeth Nolan & Paulo Santos, 2019. "Genetic modification and yield risk: A stochastic dominance analysis of corn in the USA," PLOS ONE, Public Library of Science, vol. 14(10), pages 1-10, October.
    13. Nolan, Elizabeth & Santos, Paulo, 2012. "Insurance premiums and GM traits," 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil 125942, International Association of Agricultural Economists.
    14. Hurley, Terrance M., 2010. "A review of agricultural production risk in the developing world," Working Papers 188476, HarvestChoice.
    15. Lichtenberg, Erik, 2002. "Agriculture and the environment," Handbook of Agricultural Economics, in: B. L. Gardner & G. C. Rausser (ed.), Handbook of Agricultural Economics, edition 1, volume 2, chapter 23, pages 1249-1313, Elsevier.
    16. Abedullah & Mubaraik Ali, 2006. "Quantifying the Extent and Nature of Risk in Alternative Cropping Patterns in Claveria, Philippines," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 45(2), pages 261-280.
    17. Muktar Geleto & Mohammed Essa, 2022. "Analysis of Red Pepper Production Risk Adjusted Technical Efficiency: The Case Of Lanfuro District In Siltie Zone, Southern Ethiopia," International Journal of Business and Management, International Institute of Social and Economic Sciences, vol. 10(1), pages 30-58, May.
    18. Jesse B. Tack & David Ubilava, 2015. "Climate and agricultural risk: measuring the effect of ENSO on U.S. crop insurance," Agricultural Economics, International Association of Agricultural Economists, vol. 46(2), pages 245-257, March.
    19. Yesuf, Mahmud & Kassie, Menale & Köhlin, Gunnar, 2009. "Risk Implications of Farm Technology Adoption in the Ethiopian Highlands," Working Papers in Economics 404, University of Gothenburg, Department of Economics.
    20. Rasmussen, Svend, 2003. "Criteria for optimal production under uncertainty. The state-contingent approach," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 47(4), pages 1-30.

    More about this item

    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:bla:ajarec:v:31:y:1987:i:2:p:127-141. 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: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/aaresea.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.