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Author |
Angelova, D. |
Title |
The state-contingent approach to production and choice under uncertainty: usefulness as a basis for economic modeling |
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Report |
Year |
2014 |
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FACCE MACSUR Reports |
Abbreviated Journal |
FACCE MACSUR Rep. |
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3 |
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Sp3-8 |
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The state-contingent approach developed by Chambers and Quiggin (2000) constitutes an attractive blend of a theory of production analysis under uncertainty and a theory of decision-making under uncertainty.One of the goals of this contribution is to introduce the reader to the approach by outlining its contents while comparing and contrasting it to related theories. With respect to production analysis: an emphasis is made on the ability of the approach to deliver well defined cost functions corresponding to stochastic production technologies. With respect to decision-making under uncertainty: the comparison with other theories consistent with a rational agent emphasizes the production theoretical basis of the state-contingent approach.It is the author’s belief that appropriately categorizing the state-contingent approach serves the primary goal of this work: to explore its usefulness as a basis for economic modeling. Some challenges regarding an empirical implementation are discussed: challenges in estimating the parameters of a state-contingent technology representation in general, as well as challenges arising from the fact that the approach is constructed around the argument pioneered by Leonard J Savage: that probabilities underlying economic decision-making are inherently subjective.(The financial support of ScienceCampus Halle is gratefully acknowledged.) No Label |
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MA @ admin @ |
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2225 |
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Lehtonen, H.S.; Liu, X.; Purola, T.; Rötter, R.; Palosuo, T. |
Title |
Farm level dynamic economic modelling of crop rotation with adaptation practices |
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Report |
Year |
2014 |
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FACCE MACSUR Reports |
Abbreviated Journal |
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3 |
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Sp3-9 |
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Agriculture is facing increasing challenges under volatile commodity markets, on-going climate change with more frequent extreme weather events and tightened environmental constraints. Crop rotation is considered essential and may even gain more importance for sustainable farming in the context of climate change challenges while monocropping is expected to become increasingly problematic. This is, among others, because of increasing plant protection challenges due to warmer climate which is expected to result in severe droughts, heavy rainfall and waterlogging in northern latitudes more frequently. Such changes require improved soil structure and water retention, also aided by crop rotations, to avoid yield losses. Our objective is to build and apply a dynamic optimization model of farm level crop rotation on many field parcels over 30-40 years. The model takes into account various adaptation management methods such as fungicide treatment, soil improvements such as liming, and nitrogen fertilization, simultaneously with dynamic crop rotation choices. However, these management options come along with costs. Using the model, outcomes of crop growth simulation modeling can be included into economic analysis. Simulated new cultivars, suited for a longer growing season, can be defined as alternatives to current cultivars, both having specific nutrient and other input requirements such as water, labor or pesticides. The model is used in evaluating the value of future cultivars and other management practices in climate and socio-economic scenarios. The first results show that expected market prices have major impacts on the management choices, the resulting yield levels, production and income over time. No Label |
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MA @ admin @ |
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2226 |
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Author |
Antle, J.M. |
Title |
Climate Change and Food Security: Improving the Relevance and Credibility of Global and Regional Integrated Assessments |
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2015 |
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FACCE MACSUR Reports |
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4 |
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SP4-1 |
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TradeM International Workshop 2014 »Economics of integrated assessment approaches for agriculture and the food sector«, 25–27 November 2014, Hurdalsjø, Norway |
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MA @ admin @ |
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2191 |
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Liu, X. |
Title |
Incentivising for climage change mitigation in the context of adaptation to climate and market changes at the farm level in North Savo region |
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2015 |
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FACCE MACSUR Reports |
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4 |
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SP4-10 |
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Authors: Lehtonen, H., Liu, X. & Purola, T. No Label |
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TradeM International Workshop 2014 »Economics of integrated assessment approaches for agriculture and the food sector«, 25–27 November 2014, Hurdalsjø, Norway |
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MA @ admin @ |
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2200 |
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Milford, A. |
Title |
Achieving Emission Reduction Targets by Changing Eating Habits in Norway |
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2015 |
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FACCE MACSUR Reports |
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4 |
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SP4-11 |
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TradeM International Workshop 2014 »Economics of integrated assessment approaches for agriculture and the food sector«, 25–27 November 2014, Hurdalsjø, Norway |
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MA @ admin @ |
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2201 |
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