Files in this item
Files | Description | Format |
---|---|---|
application/pdf ![]() ![]() | (no description provided) |
Description
Title: | Towards a Behavioral Theory of Farmer Decision -Making: The Value of Site -Specific Information in Agricultural Production |
Author(s): | Rejesus, Roderic Morallo |
Doctoral Committee Chair(s): | Carl H. Nelson |
Department / Program: | Agricultural Economics |
Discipline: | Agricultural Economics |
Degree Granting Institution: | University of Illinois at Urbana-Champaign |
Degree: | Ph.D. |
Genre: | Dissertation |
Subject(s): | Economics, Agricultural |
Abstract: | The results of the numerical optimization model indicates that for uniform applications of N fertilizer, imperfect SSI about soil N levels will only be valuable in a typical Illinois farm if the costs of acquiring that information is not more than $1.05 per acre. Costs greater than this will not give value to producers that will compensate the cost of acquiring information. Comparative statics from the numerical model showed that the accuracy or the level of informativeness of SSI, the degree of risk-aversion, management ability, and the level of prior uncertainty; all have a positive relationship with the value of SSI. On the other hand, initial wealth is numerically shown to have a negative relationship with the value of SSI. Furthermore, mean input use is found to decrease as SSI becomes more informative. The empirical results above have important implications with respect to nitrogen information management, environmental management, and predicting adoption behavior. |
Issue Date: | 2001 |
Type: | Text |
Language: | English |
Description: | 122 p. Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 2001. |
URI: | http://hdl.handle.net/2142/82949 |
Other Identifier(s): | (MiAaPQ)AAI3023181 |
Date Available in IDEALS: | 2015-09-25 |
Date Deposited: | 2001 |
This item appears in the following Collection(s)
-
Dissertations - Agricultural and Consumer Economics
-
Graduate Dissertations and Theses at Illinois
Graduate Theses and Dissertations at Illinois