IDEAS home Printed from https://ideas.repec.org/p/ags/aaea81/279305.html
   My bibliography  Save this paper

The Market for Winter Tomatoes: A Rational Expectations Interpretation

Author

Listed:
  • Shonkwiler, J. Scott
  • Emerson, Robert D.

Abstract

A model of the Florida tomato industry is formulated under the hypothesis that growers make production decisions as rational economic agents. This assumption implies that anticipated Mexican tomato imports as well as other economic variables are taken into account when the planting decision is made. Maximum likelihood estimation methods are used to solve the simultaneous equations model, and the implications of the model's reduced form are analyzed.

Suggested Citation

  • Shonkwiler, J. Scott & Emerson, Robert D., 1981. "The Market for Winter Tomatoes: A Rational Expectations Interpretation," 1981 Annual Meeting, July 26-29, Clemson, South Carolina 279305, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea81:279305
    DOI: 10.22004/ag.econ.279305
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/279305/files/aaea-1980-062.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.279305?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. Richard E. Just, 1974. "An Investigation of the Importance of Risk in Farmers' Decisions," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 56(1), pages 14-25.
    2. Anderson, Jock R. & Dillon, John L. & Hardaker, Brian, 1977. "Agricultural Decision Analysis," Monographs: Applied Economics, AgEcon Search, number 288652, July.
    3. William J. Baumol, 1963. "An Expected Gain-Confidence Limit Criterion for Portfolio Selection," Management Science, INFORMS, vol. 10(1), pages 174-182, October.
    4. Joyce T. Chen & C. B. Baker, 1974. "Marginal Risk Constraint Linear Program for Activity Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 56(3), pages 622-627.
    5. Wayne Thomas & Leroy Blakeslee & LeRoy Rogers & Norman Whittlesey, 1972. "Separable Programming for Considering Risk in Farm Planning," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 54(2), pages 260-266.
    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. Colette, W. Arden & Hubbard, Steven P., 1980. "Utilization Of An E-L Frontier To Evaluate Differences In—Risk Preference Between Large And Small Farm Operators," 1980 Annual Meeting, July 27-30, Urbana-Champaign, Illinois 278879, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Pannell, David J., 1988. "Modelling Risk in Linear Programming Using Direct Solution of Linearly Segmented Approximations of the Utility Function," Discussion Papers 315423, University of Western Australia, School of Agricultural and Resource Economics.
    3. Schoney, R. A., 1990. "An Analysis of Wheat Supply Response Under Risk and Uncertainty," Working Papers 244030, Agriculture and Agri-Food Canada.
    4. Holt, Matthew T., 1989. "Risk, Rational Expectations, and Price Stabilization in the U.S. Corn Market," Staff Papers 200480, University of Wisconsin-Madison, Department of Agricultural and Applied Economics.
    5. S. Martin & F. McLeay, 1998. "The Diversity of Farmers' Risk Management Strategies in a Deregulated New Zealand Environment," Journal of Agricultural Economics, Wiley Blackwell, vol. 49(2), pages 218-233, June.
    6. Musser, Wesley N., 1994. "Progress In Risk Analysis In Regional Projects," 1994 Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses Risk, Technical Committee Meeting, March 24-26, 1994, Gulf Shores State Park, Alabama 271553, Regional Research Projects > S-232: Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk.
    7. Anderson, Jock R., 1975. "Programming For Efficient Planning Against Non-Normal Risk," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 19(2), pages 1-14, August.
    8. Helmers, Glenn A. & Held, Larry J. & Watts, Myles J., 1982. "Estimating the Impact of Safety First Risk Constraints on Risk-Income Frontiers," 1982 Annual Meeting, August 1-4, Logan, Utah 279474, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    9. Libbin, James D. & Johnson, Donald A. & Boehlje, Michael D. & Trede, Larry D., 1977. "A Risk-Return Analysis For The Midwest Farmer-Feeder," ISU General Staff Papers 197712010800001065, Iowa State University, Department of Economics.
    10. Musshoff, Oliver & Hirschauer, Norbert, 2007. "What benefits are to be derived from improved farm program planning approaches? - The role of time series models and stochastic optimization," Agricultural Systems, Elsevier, vol. 95(1-3), pages 11-27, December.
    11. Lim, Hongil & Shumway, C. Richard, 1989. "State-Level Nonparametric Tests Of Profit Maximization," 1989 Annual Meeting, July 30-August 2, Baton Rouge, Louisiana 270494, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    12. Musshoff, Oliver & Hirschauer, Norbert, 2008. "Sophisticated Program Planning Approaches Generate Large Benefits in High Risk Crop Farming," 82nd Annual Conference, March 31 - April 2, 2008, Royal Agricultural College, Cirencester, UK 36865, Agricultural Economics Society.
    13. Jock R. Anderson, 1982. "Agricultural Economics, Interdependence And Uncertainty," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 26(2), pages 89-97, August.
    14. Fisher, Brian S., 1985. "Frontiers in Agricultural Policy Research," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 53(02), pages 1-11, August.
    15. Aradhyula, Satheesh Venkata, 1989. "Policy structure, output supply and input demand for US crops," ISU General Staff Papers 198901010800009909, Iowa State University, Department of Economics.
    16. Blakeslee, Leroy L., 1987. "Measuring the Requirements and Benefits of Productivity Maintenance Research," Evaluating Agricultural Research and Productivity, Proceedings of a Workshop, Atlanta, Georgia, January 29-30, 1987, Miscellaneous Publication 52 50021, University of Minnesota, Agricultural Experiment Station.
    17. Anderson, Kim B. & Mapp, Harry P., Jr., 1996. "Risk Management Programs In Extension," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 21(1), pages 1-8, July.
    18. Doppler, Werner & Salman, Amer Z. & Al-Karablieh, Emad K. & Wolff, Heinz-Peter, 2002. "The impact of water price strategies on the allocation of irrigation water: the case of the Jordan Valley," Agricultural Water Management, Elsevier, vol. 55(3), pages 171-182, June.
    19. Sugu M.M. Zuhair & Daniel B. Taylor & Randall A. Kramer, 1992. "Choice of utility function form: its effect on classification of risk preferences and the prediction of farmer decisions," Agricultural Economics, International Association of Agricultural Economists, vol. 6(4), pages 333-344, April.
    20. Colson, Gérard, 1993. "Prenons-nous assez de risque dans les théories du risque?," L'Actualité Economique, Société Canadienne de Science Economique, vol. 69(1), pages 111-141, mars.

    More about this item

    Keywords

    Crop Production/Industries;

    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:aaea81:279305. 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: http://www.aaea.org .

    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.