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Optimizing the Private Use of the Soil Resource: An Application of Optimal Control Theoiy

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  • Segarra, Eduardo
  • Taylor, Daniel B.

Abstract

A fifty year model which considered the impacts of technological progress and topsoil loss on soil productivity, and discount rates on net present value was developed. While discount rates and technological progress directly affected income calculations, solutions were more robust with respect to alterations in technological progress than discount rates.

Suggested Citation

  • Segarra, Eduardo & Taylor, Daniel B., 1986. "Optimizing the Private Use of the Soil Resource: An Application of Optimal Control Theoiy," 1986 Annual Meeting, July 27-30, Reno, Nevada 278134, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea86:278134
    DOI: 10.22004/ag.econ.278134
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    References listed on IDEAS

    as
    1. Kenneth E. McConnell, 1983. "An Economic Model of Soil Conservation," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(1), pages 83-89.
    2. Taylor, Daniel B. & Young, Douglas L., 1985. "The Influence Of Technological Progress On The Long Run Farm Level Economics Of Soil Conservation," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 10(01), pages 1-14, July.
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