RISK EVALUATION OF EARLY TERMINATION FOR PEST CONTROL IN COTTON

The exponential utility, moment-generating function approach to stochastic efficiency is used to evaluate pest control technologies for cotton under normal, gamma, and beta distributed crop yields. Results suggest that early termination of cotton is more profitable than current practice but may not be preferred if risk aversion characterizes grower behavior. Research directions and policy implications are indicated.


Issue Date:
1984-07
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/32376
Published in:
Western Journal of Agricultural Economics, Volume 09, Number 1
Page range:
145-151
Total Pages:
7




 Record created 2017-04-01, last modified 2017-04-27

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