Showing 1 - 10 of 30
Forecasts of U.S. ending stocks for corn, soybean, and wheat issued by the USDA and private analysts are evaluated. The … null hypothesis that USDA forecasts are unbiased cannot be rejected. The null hypothesis that private analysts' forecasts … are unbiased forecasts of USDA forecasts cannot be rejected either. However, there is strong evidence that the forecasts …
Persistent link: https://www.econbiz.de/10011068700
uses a novel dataset documenting the introduction of forecasts of an important, global driver of climate variation—El Nino …
Persistent link: https://www.econbiz.de/10011068836
availability of uncertain soil information and production uncertainty can lead risk-averse farmers to apply more fertilizers and … generate more pollution. Ignoring the impact of uncertainty and risk preferences of farmers leads to a significant …
Persistent link: https://www.econbiz.de/10005513436
biodiversity value. Third, the paper examines the role of uncertainty. In this context, the role of risk and of downside …
Persistent link: https://www.econbiz.de/10005483764
Risk and uncertainty in a water market will generate trading patterns that differ from those expected under conditions …
Persistent link: https://www.econbiz.de/10005494093
The objective of this paper is to study the problem of management of irrigation water. We analyse farmers' economic rules of tactical irrigation scheduling in a certain or uncertain environment under water scarcity. The optimal plans depend on uncertain weather conditions and expectations. We...
Persistent link: https://www.econbiz.de/10005494122
This paper investigates, through a dynamic stochastic adjustment model the extent to which an active agricultural policy can be the source of volatility in agricultural investment. It is shown that noise in formulation of agricultural policy has adverse effects even in cases where earlier...
Persistent link: https://www.econbiz.de/10005468466
In this paper we conduct a series of eld experiments in rural India in order to measure preferences related to risk, loss, and ambiguity. Disaggregating by data, we nd that on average women are signicantly more risk averse and loss averse than men, though the higher average risk aversion arises...
Persistent link: https://www.econbiz.de/10010880943
Retailers design pricing strategies that can be characterized as a choice of store price format between offering everyday low prices (EDLP) and high / low prices (HILO). EDLP stores set prices which are constant over time, while HILO stores set prices which are higher than EDLP stores on...
Persistent link: https://www.econbiz.de/10010880975
The existing literature on dynamic efficiency is deterministic and ignores uncertainty when deriving dynamic efficiency … measures, even though it is known that uncertainty affects the optimal adjustment path and the optimal use of quasi … optimal investment under uncertainty jointly into consideration. We apply this model to German farm-level panel data to …
Persistent link: https://www.econbiz.de/10010915946