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Flat Earth Economics: The Far-reaching Consequences of Flat Payoff Functions in Economic Decision Making

Citations

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. 277 – Perfection isn’t best
    by David Pannell in Pannell Discussions on 2015-01-12 21:00:31
  2. 312 – The economics of nitrogen in agriculture
    by David Pannell in Pannell Discussions on 2018-02-06 02:15:29
  3. 319 – Reducing water pollution from agricultural fertilizers
    by David Pannell in Pannell Discussions on 2019-08-05 15:18:43
  4. 320 – Fixed costs and input rates
    by David Pannell in Pannell Discussions on 2019-08-12 15:41:12
  5. 360. Potential farmer responses to extreme prices for nitrogen fertiliser
    by David Pannell in Pannell Discussions on 2021-12-19 12:29:18

Citations

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Cited by:

  1. A J Higgins & C J Miller & A A Archer & T Ton & C S Fletcher & R R J McAllister, 2010. "Challenges of operations research practice in agricultural value chains," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 61(6), pages 964-973, June.
  2. Andreas Meyer-Aurich & Jørgen Olesen & Annette Prochnow & Reiner Brunsch, 2013. "Greenhouse gas mitigation with scarce land: The potential contribution of increased nitrogen input," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 18(7), pages 921-932, October.
  3. Kragt, Marit E. & Pannell, David J. & Robertson, Michael J. & Thamo, Tas, 2012. "Assessing costs of soil carbon sequestration by crop-livestock farmers in Western Australia," Agricultural Systems, Elsevier, vol. 112(C), pages 27-37.
  4. Zulfiqar, Farhad, 2010. "Estimation of Wheat Yield Response under different Economic, Location and Climatic Conditions in Punjab," MPRA Paper 26503, University Library of Munich, Germany.
  5. Asci, Serhat & Borisova, Tatiana & VanSickle, John J., 2015. "Role of economics in developing fertilizer best management practices," Agricultural Water Management, Elsevier, vol. 152(C), pages 251-261.
  6. Andreas Meyer-Aurich & Yusuf Nadi Karatay, 2022. "Greenhouse Gas Mitigation Costs of Reduced Nitrogen Fertilizer," Agriculture, MDPI, vol. 12(9), pages 1-13, September.
  7. Neal, Mark & Fulkerson, Bill, 2006. ""One size fits all"? - The relationship between the value of genetic traits and the farm system," Risk and Sustainable Management Group Working Papers 149855, University of Queensland, School of Economics.
  8. Bougherara, Douadia & Nauges, Céline, 2018. "How laboratory experiments could help disentangle the influences of production risk and risk preferences on input decisions," TSE Working Papers 18-903, Toulouse School of Economics (TSE).
  9. Meyer-Aurich, Andreas & Weersink, Alfons & Gandorfer, Markus & Wagner, Peter, 2010. "Optimal site-specific fertilization and harvesting strategies with respect to crop yield and quality response to nitrogen," Agricultural Systems, Elsevier, vol. 103(7), pages 478-485, September.
  10. Sapino, Francesco & Pérez-Blanco, C. Dionisio & Gutiérrez-Martín, Carlos & García-Prats, Alberto & Pulido-Velazquez, Manuel, 2022. "Influence of crop-water production functions on the expected performance of water pricing policies in irrigated agriculture," Agricultural Water Management, Elsevier, vol. 259(C).
  11. Yusuf Nadi Karatay & Andreas Meyer-Aurich, 2018. "A Model Approach for Yield-Zone-Specific Cost Estimation of Greenhouse Gas Mitigation by Nitrogen Fertilizer Reduction," Sustainability, MDPI, vol. 10(3), pages 1-18, March.
  12. Mandrini, German & Pittelkow, Cameron M. & Archontoulis, Sotirios V. & Mieno, Taro & Martin, Nicolas F., 2021. "Understanding differences between static and dynamic nitrogen fertilizer tools using simulation modeling," Agricultural Systems, Elsevier, vol. 194(C).
  13. Kerry J. Stott & Brendan Christy & Malcolm McCaskill & Kurt K. Benke & Penny Riffkin & Garry J. O'Leary & Robert Norton, 2020. "Integrating crop modelling and production economics to investigate multiple nutrient deficiencies and yield gaps," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 64(3), pages 655-676, July.
  14. Komarek, Adam M. & MacAulay, T. Gordon, 2013. "Farmer responses to changing risk aversion, enterprise variability and resource endowments," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 57(3).
  15. Adamson, David & Loch, Adam & Schwabe, Kurt, 2017. "Adaptation responses to increasing drought frequency," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 61(3), July.
  16. Thompson, Nathanael M. & DeVuyst, Eric A. & Brorsen, B. Wade & Lusk, Jayson L., 2016. "Using Genetic Testing to Improve Fed Cattle Marketing Decisions," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 41(2), May.
  17. Bontemps, Christophe & Bougherara, Douadia & Nauges, Céline, 2020. "Do Risk Preferences Really Matter? The Case of Pesticide Use in Agriculture," TSE Working Papers 20-1095, Toulouse School of Economics (TSE).
  18. Späti, Karin & Huber, Robert & Finger, Robert, 2021. "Benefits of Increasing Information Accuracy in Variable Rate Technologies," Ecological Economics, Elsevier, vol. 185(C).
  19. Crosthwaite, Jim & Moll, Jim & Dorrough, Josh & Malcolm, Bill, 2009. "Re-organising farm businesses to improve environmental outcomes," Australasian Agribusiness Review, University of Melbourne, Department of Agriculture and Food Systems, vol. 17, pages 1-25.
  20. Graeme J. Doole & David J. Pannell & Clinton K. Revell, 2009. "Economic contribution of French serradella (Ornithopus sativus Brot.) pasture to integrated weed management in Western Australian mixed-farming systems: an application of compressed annealing ," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 53(2), pages 193-212, April.
  21. Bathgate, A. & Revell, C. & Kingwell, R., 2009. "Identifying the value of pasture improvement using wholefarm modelling," Agricultural Systems, Elsevier, vol. 102(1-3), pages 48-57, October.
  22. Predrag Rajsic & Alfons Weersink & Markus Gandorfer, 2009. "Risk and Nitrogen Application Levels," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 57(2), pages 223-239, June.
  23. Roeder, Norbert & Lederbogen, Dirk & Trautner, Juergen & Bergamini, Ariel & Stofer, Silvia & Scheidegger, Christoph, 2010. "The impact of changing agricultural policies on jointly used rough pastures in the Bavarian Pre-Alps: An economic and ecological scenario approach," Ecological Economics, Elsevier, vol. 69(12), pages 2435-2447, October.
  24. Roeder, Norbert & Lederbogen, Dirk & Trautner, Juergen & Bergamini, Ariel & Stofer, Silvia & Scheidegger, Christoph, 2009. "The impact of changing agricultural policies on jointly used rough pastures in the Bavarian Pre-Alps - an economic and ecological scenario approach," 83rd Annual Conference, March 30 - April 1, 2009, Dublin, Ireland 51070, Agricultural Economics Society.
  25. Doll, Claire A. & Burton, Michael P. & Pannell, David J. & Rollins, Curtis L., 2022. "How green is green enough? Landscape preferences and water use in urban parks," Working Papers 320820, University of Western Australia, School of Agricultural and Resource Economics.
  26. Hutchings, Timothy R., 2009. "A financial analysis of the effect of the mix of crop and sheep enterprises on the risk profile of dryland farms in south-eastern Australia – Part 1," AFBM Journal, Australasian Farm Business Management Network, vol. 6(1), pages 1-16, October.
  27. Parsons, Oliver, 2012. "Community Governance: An Alternative Approach to Regulation and Market Mechanisms for Management of Nitrogen Loss," 2012 Conference, August 31, 2012, Nelson, New Zealand 136053, New Zealand Agricultural and Resource Economics Society.
  28. Gudbrand Lien & J. Hardaker & Marcel Asseldonk & James Richardson, 2011. "Risk programming analysis with imperfect information," Annals of Operations Research, Springer, vol. 190(1), pages 311-323, October.
  29. Doole, Graeme J. & Romera, Alvaro J., 2014. "Implications of a nitrogen leaching efficiency metric for pasture-based dairy farms," Agricultural Water Management, Elsevier, vol. 142(C), pages 10-18.
  30. Birner, R. & Bitsch, V. & Heißenhuber, A. & Lippert, C. & Spiller, A. & Schulze-Pals, L. & Gandorfer, M. & Zühlsdorf, A., 2013. "Organized Session: Brauchen wir eine post-autistische Agrarökonomie?," Proceedings “Schriften der Gesellschaft für Wirtschafts- und Sozialwissenschaften des Landbaues e.V.”, German Association of Agricultural Economists (GEWISOLA), vol. 48, March.
  31. Leen, Frederik & Van den Broeke, Alice & Aluwé, Marijke & Ludwig, Lauwers & Sam, Millet & Jef, Van Meensel, 2017. "Simulation Modelling To Provide Insights Into The Optimization Of Delivery Weights Of Finisher Pigs," 2017 International Congress, August 28-September 1, 2017, Parma, Italy 261272, European Association of Agricultural Economists.
  32. Farquharson, Robert J., 2006. "Production Response and Input Demand in Decision Making: Nitrogen Fertilizer and Wheat Growers," Australasian Agribusiness Review, University of Melbourne, Department of Agriculture and Food Systems, vol. 14.
  33. Neal, Mark & Fulkerson, William, 2006. "One size fits all? – The relationship between the value of genetic traits and the farm system," 2006 Conference (50th), February 8-10, 2006, Sydney, Australia 139884, Australian Agricultural and Resource Economics Society.
  34. David J. Pannell & Getu Hailu & Alfons Weersink & Amanda Burt, 2008. "More reasons why farmers have so little interest in futures markets," Agricultural Economics, International Association of Agricultural Economists, vol. 39(1), pages 41-50, July.
  35. Thompson, Nathanael M. & DeVuyst, Eric A. & Brorsen, B. Wade & Lusk, Jayson L., 2014. "Value of Genetic Information for Beef Cattle at the Feedlot Stage," 2014 Annual Meeting, February 1-4, 2014, Dallas, Texas 162431, Southern Agricultural Economics Association.
  36. Sanaz Shoghi Kalkhoran & David Pannell & Maksym Polyakov & Ben White & Morteza Chalak Haghighi & Amin William Mugera & Imma Farre, 2021. "A dynamic model of optimal lime application for wheat production in Australia," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 65(2), pages 472-490, April.
  37. Shoghi Kalkhoran, Sanaz & White, Benedict & Polyakov, Maksym & Chalak, Morteza & Mugera, Amin William & Pannell, David J., 2018. "A Dynamic Optimization Model of Agricultural Lime Application," 2018 Annual Meeting, August 5-7, Washington, D.C. 274340, Agricultural and Applied Economics Association.
  38. Lien, Gudbrand & Hardaker, J. Brian & Asseldonk, Marcel A.P.M. van & Richardson, James W., 2009. "Risk programming and sparse data: how to get more reliable results," Agricultural Systems, Elsevier, vol. 101(1-2), pages 42-48, June.
  39. Thompson, Nathanael M. & DeVuyst, Eric A. & Brorsen, B. Wade & Lusk, Jayson L., 2014. "Value of Genetic Information for Management and Selection of Feedlot Cattle," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 39(1), pages 1-17, April.
  40. Chai, Yuan & Pannell, David J. & Pardey, Philip G., 2022. "Reducing Water Pollution from Nitrogen Fertilizer: Revisiting Insights from Production Economics," Staff Papers 320519, University of Minnesota, Department of Applied Economics.
  41. Doole, Graeme J. & Weetman, Ellen, 2009. "Tactical management of pasture fallows in Western Australian cropping systems," Agricultural Systems, Elsevier, vol. 102(1-3), pages 24-32, October.
  42. Alford, Andrew R. & Cafe, Linda M. & Greenwood, Paul L. & Griffith, Garry R., 2007. "The Economic Effects of Early-Life Nutritional Constraints in Crossbred Cattle Bred on the NSW North Coast," Research Reports 37667, New South Wales Department of Primary Industries Research Economists.
  43. Doll, Claire A. & Burton, Michael P. & Pannell, David J. & Rollins, Curtis L., 2023. "Are greenspaces too green? Landscape preferences and water use in urban parks," Ecological Economics, Elsevier, vol. 211(C).
  44. Knight, Brad & Malcolm, Bill, 2009. "A whole-farm investment analysis of some precision agriculture technologies," AFBM Journal, Australasian Farm Business Management Network, vol. 6(1), pages 1-14, October.
  45. Asci, Serhat & Borisova, Tatiana & VanSickle, John J. & Zotarelli, Lincoln, 2012. "Risk and Nitrogen Application Decisions in Florida Potato Production," 2012 Annual Meeting, February 4-7, 2012, Birmingham, Alabama 119797, Southern Agricultural Economics Association.
  46. Pannell, David J., 2013. "Value for Money in Environmental Policy and Environmental Economics," Working Papers 146501, University of Western Australia, School of Agricultural and Resource Economics.
  47. Kragt, Marit Ellen & Pannell, David J. & Robertson, Michael J., 2011. "Easy winnings? The economics of carbon sequestration in agricultural soils," 2011 Conference (55th), February 8-11, 2011, Melbourne, Australia 100575, Australian Agricultural and Resource Economics Society.
  48. Leen, Frederik & Van den Broeke, Alice & Aluwé, Marijke & Lauwers, Ludwig & Millet, Sam & Van Meensel, Jef, 2018. "Stakeholder-driven modelling the impact of animal profile and market conditions on optimal delivery weight in growing-finishing pig production," Agricultural Systems, Elsevier, vol. 162(C), pages 34-45.
  49. Anderson Jock R. & Birner Regina & Nagarajan Latha & Naseem Anwar & Pray Carl E., 2021. "Private Agricultural R&D: Do the Poor Benefit?," Journal of Agricultural & Food Industrial Organization, De Gruyter, vol. 19(1), pages 3-14, May.
  50. Byrne, F. & Robertson, M.J. & Bathgate, A. & Hoque, Z., 2010. "Factors influencing potential scale of adoption of a perennial pasture in a mixed crop-livestock farming system," Agricultural Systems, Elsevier, vol. 103(7), pages 453-462, September.
  51. Wei, Yongping & Chen, Deli & Hu, Kelin & Willett, Ian R. & Langford, John, 2009. "Policy incentives for reducing nitrate leaching from intensive agriculture in desert oases of Alxa, Inner Mongolia, China," Agricultural Water Management, Elsevier, vol. 96(7), pages 1114-1119, July.
  52. Doole, Graeme J. & Romera, Alvaro J., 2015. "Trade-offs between profit, production, and environmental footprint on pasture-based dairy farms in the Waikato region of New Zealand," Agricultural Systems, Elsevier, vol. 141(C), pages 14-23.
  53. Hutchings, Timothy R. & Nordblom, Thomas L., 2011. "A financial analysis of the effect of the mix of crop and sheep enterprises on the risk profile of dryland farms in south-eastern Australia," AFBM Journal, Australasian Farm Business Management Network, vol. 8(1), pages 1-23, October.
  54. Graeme J. Doole, 2010. "Evaluating Input Standards for Non‐Point Pollution Control under Firm Heterogeneity," Journal of Agricultural Economics, Wiley Blackwell, vol. 61(3), pages 680-696, September.
  55. Viaggi, Davide & Raggi, Meri & Gomez y Paloma, Sergio, 2010. "An integer programming dynamic farm-household model to evaluate the impact of agricultural policy reforms on farm investment behaviour," European Journal of Operational Research, Elsevier, vol. 207(2), pages 1130-1139, December.
  56. Meyer-Aurich, Andreas & Karatay, Yusuf Nadi, 2019. "Effects of uncertainty and farmers' risk aversion on optimal N fertilizer supply in wheat production in Germany," Agricultural Systems, Elsevier, vol. 173(C), pages 130-139.
  57. Jacobs, A. & Kingwell, R., 2016. "The Harrington Seed Destructor: Its role and value in farming systems facing the challenge of herbicide-resistant weeds," Agricultural Systems, Elsevier, vol. 142(C), pages 33-40.
  58. Meyer-Aurich, Andreas & Gandorfer, Markus & Weersink, Alfons & Wagner, Peter, 2008. "Economic analysis of site-specific wheat management with respect to grain quality and separation of the different quality fractions," 2008 International Congress, August 26-29, 2008, Ghent, Belgium 43649, European Association of Agricultural Economists.
  59. Tas Thamo & Ross S. Kingwell & David J. Pannell, 2013. "Measurement of greenhouse gas emissions from agriculture: economic implications for policy and agricultural producers," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 57(2), pages 234-252, April.
  60. Komarek, Adam M. & Li, LingLing & Bellotti, William D., 2015. "Whole-farm economic and risk effects of conservation agriculture in a crop-livestock system in western China," Agricultural Systems, Elsevier, vol. 137(C), pages 220-226.
  61. So Pyay Thar & Robert J. Farquharson & Thiagarajah Ramilan & Sam Coggins & Deli Chen, 2021. "Recommended vs. Practice: Smallholder Fertilizer Decisions in Central Myanmar," Agriculture, MDPI, vol. 11(1), pages 1-20, January.
  62. Kingwell, Ross & Fuchsbichler, Amy, 2011. "The whole-farm benefits of controlled traffic farming: An Australian appraisal," Agricultural Systems, Elsevier, vol. 104(7), pages 513-521, September.
  63. Kharel, S. & d'Abbadie, C. & Abadi, A. & Kingwell, R., 2022. "Reducing farming system emissions via spatial application of payoff functions," Agricultural Systems, Elsevier, vol. 203(C).
  64. Gandorfer, Markus & Rajsic, Predrag, 2008. "Modeling Economic Optimum Nitrogen Rates for Winter Wheat When Inputs Affect Yield and Output-Price," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 9(2).
  65. Davies, Lloyd & Quinn, Helen & Della Bosca, Tony & Alford, Andrew & Griffith, Garry, 2009. "The Economic Effects of Alternate Growth Path and Breed Type Combinations to Meet Beef Market Specifications across Southern Australia," Research Reports 280782, New South Wales Department of Primary Industries Research Economists.
  66. Rajsic, Predrag & Weersink, Alfons, 2008. "Do farmers waste fertilizer? A comparison of ex post optimal nitrogen rates and ex ante recommendations by model, site and year," Agricultural Systems, Elsevier, vol. 97(1-2), pages 56-67, April.
  67. Bijttebier, Jo & Lauwers, Ludwig & Van Meensel, Jef, 2018. "Low input dairy farming: potentially competitive?," 166th Seminar, August 30-31, 2018, Galway, West of Ireland 276192, European Association of Agricultural Economists.
  68. Davies, Brian Lloyd & Bosca, T.J. Della & Griffith, Garry R., 2009. "Economic effects of alternate growth path, time of calving and breed type combinations across Southern Autralian beef cattle environments," Australasian Agribusiness Review, University of Melbourne, Department of Agriculture and Food Systems, vol. 17, pages 1-17.
  69. Pannell, David J., 2015. "Reviewing journal papers effectively, efficiently and fairly," Working Papers 200176, University of Western Australia, School of Agricultural and Resource Economics.
  70. Berbel, Julio & Expósito, Alfonso, 2022. "A decision model for stochastic optimization of seasonal irrigation-water allocation," Agricultural Water Management, Elsevier, vol. 262(C).
  71. Nordblom, Thomas L. & Hutchings, Timothy R. & Godfrey, Sosheel S. & Schefe, Cassandra R., 2021. "Precision variable rate nitrogen for dryland farming on waterlogging Riverine Plains of Southeast Australia?," Agricultural Systems, Elsevier, vol. 186(C).
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