IDEAS home Printed from https://ideas.repec.org/a/oup/ajagec/v55y1973i1p19-27..html
   My bibliography  Save this article

Application of Multivariate Probit to a Threshold Model of Grain Dryer Purchasing Decisions

Author

Listed:
  • Lowell Hill
  • Paul Kau

Abstract

Purchase of grain dryers by farmers can be explained using a threshold theory of decision in which a reaction occurs only after the strength of the stimuli increases beyond the farmers' reaction threshold. Estimates of the causal relationships in this dichotomous decision model were obtained by using the probit technique with data from a farmer panel. The results provide an explanation of differences in the number of dryers purchased by farmers in various classes and regions. It also provides a procedure for predicting dryer ownership and purchases of dryers as an aid to forward planning by distributors of drying equipment.

Suggested Citation

  • Lowell Hill & Paul Kau, 1973. "Application of Multivariate Probit to a Threshold Model of Grain Dryer Purchasing Decisions," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 55(1), pages 19-27.
  • Handle: RePEc:oup:ajagec:v:55:y:1973:i:1:p:19-27.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2307/1238657
    Download Restriction: Access to full text is restricted to subscribers.

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

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Purvis, Malcolm J. & Otto, Daniel M., 1976. "Household Demand For Pet Food And The Ownership Of Cats And Dogs: An Analysis Of A Neglected Component Of U.S. Food Use," Staff Papers 13792, University of Minnesota, Department of Applied Economics.
    2. Dries, Liesbeth & Pascucci, Stefano & Gardebroek, Cornelis, 2011. "Pluriactivity in Italian Agriculture: Are Farmers Using Interlinked Strategies?," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 114429, European Association of Agricultural Economists.
    3. Pascucci, Stefano & de-Magistris, Tiziana, 2011. "The effects of changing regional Agricultural Knowledge and Innovation System on Italian farmers’ strategies," Agricultural Systems, Elsevier, vol. 104(9), pages 746-754.
    4. Debrecht, Dennis Michael, 1981. "Lending limits and the availability of credit to agricultural borrowers," ISU General Staff Papers 198101010800008411, Iowa State University, Department of Economics.

    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:oup:ajagec:v:55:y:1973:i:1:p:19-27.. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press) or (Christopher F. Baum). General contact details of provider: http://edirc.repec.org/data/aaeaaea.html .

    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.

    We have no references for this item. You can help adding them by using 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.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.