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Responses To Risk In Weed Control Decisions Under Expected Profit Maximisation: Comment

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  • S. M. Swinton

Abstract

Pannell's finding that risk reduces the optimal rate of herbicide use and raises the economic threshold for weed control is found to depend upon the form of the yield function. Pannell's results apply only to convex yield functions. For sigmoidal functions, such as the logistic, risk has the opposite effect over the concave portion of the function's range.

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  • S. M. Swinton, 1991. "Responses To Risk In Weed Control Decisions Under Expected Profit Maximisation: Comment," Journal of Agricultural Economics, Wiley Blackwell, vol. 42(3), pages 404-405, September.
    • Handle: RePEc:bla:jageco:v:42:y:1991:i:3:p:404-405
    DOI: 10.1111/j.1477-9552.1991.tb00364.x
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    References listed on IDEAS

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    1. D. J. Pannell, 1990. "Responses To Risk In Weed Control Decisions Under Expected Profit Maximisation," Journal of Agricultural Economics, Wiley Blackwell, vol. 41(3), pages 391-401, September.
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    Cited by:

    1. Bennett, Anne L. & Pannell, David J., 1998. "Economic evaluation of a weed-activated sprayer for herbicide application to patchy weed populations," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 42(4), pages 1-20.
    2. Fox, Glenn & Weersink, Alfons, 1993. "Can Increasing Returns Occur in Pest Management?," Department of Agricultural Economics and Business 258722, University of Guelph.
    3. Swinton, Scott M. & Lyford, Conrad P., 1992. "Parameter Identification in Nonlinear Statistical Models: A Monte Carlo Analysis of Crop-Pest Response Functions," Staff Paper Series 201146, Michigan State University, Department of Agricultural, Food, and Resource Economics.

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