Agricultural production is risky. When farmers are risk-averse, they are likely to put a premium on production methods that reduce perceived risks. Irrigation is generally believed to be a riskreducing input. By using the concept of stochastic dominance, risk-efficient irrigation policies for...

This paper develops a stochastic multi-period decision model to analyse a continuous wheat cropping system infested by wild oats (Avena fatua L.), in southern Australia. The multi-period solutions is obtained by employing a dynamic programming model in conjunction with a bioeconomic simulation...

The recent rural reforms in China have had great effects on agricultural production and productivity as well as rural household consumption. While much has been written on production and productivity effects of these reforms, very few Chinese studies have attempted to analyze the changes in...

It has generally been assumed that the inferences of the induced technical change model with respect to the direction of technical change could not be expected to hold for the centrally planned economies. In this paper we test three hypotheses generated from the induced technical change...