A Linear Approximate Acreage Allocation Model
It is shown that the first-order differential acreage allocation model developed by Bettendorf an Bloome and by Barten and Vanloot, and based on certainty equivalent profit maximization, may be extended to a levels version. The levels model, referred to as a linear approximate acreage allocation mod...
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| Format: | Article |
| Language: | English |
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Western Agricultural Economics Association
1999-12-01
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| Series: | Journal of Agricultural and Resource Economics |
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| Online Access: | https://ageconsearch.umn.edu/record/30792 |