Land Allocation In The Presence Of Estimation Risk
Author
Abstract
Suggested Citation
DOI: 10.22004/ag.econ.30929
Download full text from publisher
Other versions of this item:
- Lence, Sergio H. & Hayes, Dermot J., 1995. "Land Allocation in the Presence of Estimation Risk," Staff General Research Papers Archive 995, Iowa State University, Department of Economics.
- Lence, Sergio H. & Hayes, Dermot J., 1995. "Land Allocation in the Presence of Estimation Risk," ISU General Staff Papers 199507010700001008, Iowa State University, Department of Economics.
References listed on IDEAS
- Frost, Peter A. & Savarino, James E., 1986. "An Empirical Bayes Approach to Efficient Portfolio Selection," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 21(3), pages 293-305, September.
- Klein, Roger W, et al, 1978. "Decisions with Estimation Uncertainty," Econometrica, Econometric Society, vol. 46(6), pages 1363-1387, November.
- Jorion, Philippe, 1985. "International Portfolio Diversification with Estimation Risk," The Journal of Business, University of Chicago Press, vol. 58(3), pages 259-278, July.
- Kallberg, J. G. & Ziemba, W. T., 1979. "On the robustness of the Arrow-Pratt risk aversion measure," Economics Letters, Elsevier, vol. 2(1), pages 21-26.
- Lence, Sergio H & Hayes, Dermot J, 1994.
"Parameter-Based Decision Making under Estimation Risk: An Application to Futures Trading,"
Journal of Finance, American Finance Association, vol. 49(1), pages 345-357, March.
- Lence, Sergio H. & Hayes, Dermot J., 1994. "Parameter-Based Decision Making Under Estimation Risk: An Application to Futures Trading," Staff General Research Papers Archive 693, Iowa State University, Department of Economics.
- P. B. R. Hazell, 1971. "A Linear Alternative to Quadratic and Semivariance Programming for Farm Planning under Uncertainty," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 53(1), pages 53-62.
- Boyle, Phelim P. & Ananthanarayanan, A. L., 1977. "The impact of variance estimation in option valuation models," Journal of Financial Economics, Elsevier, vol. 5(3), pages 375-387, December.
- Chen, Son-Nan & Brown, Stephen J, 1983. "Estimation Risk and Simple Rules for Optimal Portfolio Selection," Journal of Finance, American Finance Association, vol. 38(4), pages 1087-1093, September.
- Geweke, John, 1988. "Antithetic acceleration of Monte Carlo integration in Bayesian inference," Journal of Econometrics, Elsevier, vol. 38(1-2), pages 73-89.
- P. B. R. Hazell, 1971. "A Linear Alternative to Quadratic and Semivariance Programming for Farm Planning under Uncertainty: Reply," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 53(4), pages 664-665.
- Bernard V. Tew & Donald W. Reid, 1989. "Land Allocation Under Uncertainty for Alternative Specifications of Return Distributions: Comment," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(2), pages 439-440.
- Robert N. Collender, 1989. "Estimation Risk in Farm Planning Under Uncertainty," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(4), pages 996-1002.
- James A. Chalfant & Robert N. Collender & Shankar Subramanian, 1990. "The Mean and Variance of the Mean-Variance Decision Rule," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(4), pages 966-974.
- Coles, Jeffrey L. & Loewenstein, Uri, 1988. "Equilibrium pricing and portfolio composition in the presence of uncertain parameters," Journal of Financial Economics, Elsevier, vol. 22(2), pages 279-303, December.
- Best, Michael J. & Grauer, Robert R., 1990. "The efficient set mathematics when mean-variance problems are subject to general linear constraints," Journal of Economics and Business, Elsevier, vol. 42(2), pages 105-120, May.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Babcock, Bruce A. & Pautsch, Gregory R., 1998.
"Moving From Uniform To Variable Fertilizer Rates On Iowa Corn: Effects On Rates And Returns,"
Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 23(2), pages 1-16, December.
- Bruce A. Babcock & Gregory R. Pautsch, 1997. "Moving from Uniform to Variable Fertilizer Rates on Iowa Corn: Effects on Rates and Returns," Center for Agricultural and Rural Development (CARD) Publications 97-wp182, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- Babcock, Bruce A. & Pautsch, Gregory R., 1998. "Moving from Uniform to Variable Fertilizer Rates on Iowa Corn: Effects on Rates and Returns," ISU General Staff Papers 199801010800001530, Iowa State University, Department of Economics.
- Babcock, Bruce A. & Pautsch, Gregory R., 1998. "Moving from Uniform to Variable Fertilizer Rates on Iowa Corn: Effects on Rates and Returns," Staff General Research Papers Archive 1121, Iowa State University, Department of Economics.
- Lien, Gudbrand & Hardaker, J. Brian & Asseldonk, Marcel A.P.M. van & Richardson, James W., 2009.
"Risk programming and sparse data: how to get more reliable results,"
Agricultural Systems, Elsevier, vol. 101(1-2), pages 42-48, June.
- Hardaker, J. Brian & Lien, Gudbrand D. & Van Asseldonk, Marcel A.P.M. & Richardson, James W. & Hegrenes, Agnar, 2008. "Risk programming and sparse data: how to get more reliable results," 2008 International Congress, August 26-29, 2008, Ghent, Belgium 44051, European Association of Agricultural Economists.
- Pautsch, Gregory R. & Babcock, Bruce A. & Breidt, F. Jay, 1999.
"Optimal Information Acquisition Under A Geostatistical Model,"
Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 24(2), pages 1-25, December.
- Pautsch, Gregory R. & Babcock, Bruce & Breidt, F. Jay, 1999. "Optimal Information Acquisition Under a Geostatistical Model," ISU General Staff Papers 199905010700001528, Iowa State University, Department of Economics.
- Gregory R. Pautsch & Bruce A. Babcock & F. Jay Breidt, 1999. "Optimal Information Acquisition under a Geostatistical Model," Center for Agricultural and Rural Development (CARD) Publications 99-wp217, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- Pautsch, Gregory R. & Babcock, Bruce A. & Breidt, F. J., 1999. "Optimal Information Acquisition Under a Geostatistical Model," Staff General Research Papers Archive 1517, Iowa State University, Department of Economics.
- Gudbrand Lien & J. Hardaker & Marcel Asseldonk & James Richardson, 2011. "Risk programming analysis with imperfect information," Annals of Operations Research, Springer, vol. 190(1), pages 311-323, October.
- Wang, Xuecai & Dorfman, Jeffrey H. & McKissick, John C. & Turner, Steven C., 2001.
"Optimal Marketing Decisions For Feeder Cattle Under Price And Production Risk,"
Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 33(3), pages 1-13, December.
- Wang, Xuecai & Dorfman, Jeffrey H. & McKissick, John & Turner, Steven C., 2001. "Optimal Marketing Decisions for Feeder Cattle under Price and Production Risk," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 33(3), pages 431-443, December.
- Gregory R. Pautsch & Bruce A. Babcock & F. Jay Breidt, 1998. "Optimal Sampling Under a Geostatistical Model," Center for Agricultural and Rural Development (CARD) Publications 98-wp200, Center for Agricultural and Rural Development (CARD) at Iowa State University.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Sergio H. Lence & Dermot J. Hayes, 1994.
"The Empirical Minimum-Variance Hedge,"
American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 76(1), pages 94-104.
- Sergio H. Lence & Dermot J. Hayes, 1993. "Empirical Minimum Variance Hedge, The," Center for Agricultural and Rural Development (CARD) Publications 93-wp109, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- Lence, Sergio H & Hayes, Dermot J., 1994. "The Empirical Minimum-Variance Hedge," ISU General Staff Papers 199401010800001138, Iowa State University, Department of Economics.
- Lence, Sergio H. & Hayes, Dermot J., 1994. "Empirical Minimum-Variance Hedge (The)," Staff General Research Papers Archive 11565, Iowa State University, Department of Economics.
- Rahman, Shaikh Mahfuzur & Dorfman, Jeffrey H. & Turner, Steven C., 2004.
"A Bayesian Approach to Optimal Cross-Hedging of Cottonseed Products Using Soybean Complex Futures,"
Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 29(2), pages 1-16, August.
- Rahman, Shaikh Mahfuzur & Dorfman, Jeffrey H. & Turner, Steven C., 2002. "A Bayesian Approach To Optimal Cross-Hedging Of Cottonseed Products Using Soybean Complex Futures," 2002 Annual meeting, July 28-31, Long Beach, CA 19708, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Wang, Xuecai & Dorfman, Jeffrey H. & McKissick, John & Turner, Steven C., 2001.
"Optimal Marketing Decisions for Feeder Cattle under Price and Production Risk,"
Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 33(3), pages 431-443, December.
- Wang, Xuecai & Dorfman, Jeffrey H. & McKissick, John C. & Turner, Steven C., 2001. "Optimal Marketing Decisions For Feeder Cattle Under Price And Production Risk," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 33(3), pages 1-13, December.
- Lence, Sergio H., 1996.
"Relaxing The Assumptions Of Minimum-Variance Hedging,"
Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 21(01), pages 1-17, July.
- Lence, Sergio H, 1996. "Relaxing the Assumptions of Minimum-Variance Hedging," ISU General Staff Papers 199601010800001039, Iowa State University, Department of Economics.
- Lence, Sergio H., 1996. "Relaxing the Assumptions of Minimum-Variance Hedging," Staff General Research Papers Archive 5156, Iowa State University, Department of Economics.
- Wei Shi & Scott H. Irwin, 2005. "Optimal Hedging with a Subjective View: An Empirical Bayesian Approach," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 87(4), pages 918-930.
- Marius Rădulescu & Constanta Rădulescu & Gheorghiţă Zbăganu, 2014. "A portfolio theory approach to crop planning under environmental constraints," Annals of Operations Research, Springer, vol. 219(1), pages 243-264, August.
- Shi, Wei & Irwin, Scott H., 2005. "A Bayesian Implementation of the Standard Optimal Hedging Model: Parameter Estimation Risk and Subjective Views," 2005 Annual meeting, July 24-27, Providence, RI 19155, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Silvina M. Cabrini & Brian G. Stark & Hayri Önal & Scott H. Irwin & Darrel L. Good & João Martines-Filho, 2004. "Efficiency Analysis of Agricultural Market Advisory Services: A Nonlinear Mixed-Integer Programming Approach," Manufacturing & Service Operations Management, INFORMS, vol. 6(3), pages 237-252, December.
- Detlef Seese & Christof Weinhardt & Frank Schlottmann (ed.), 2008. "Handbook on Information Technology in Finance," International Handbooks on Information Systems, Springer, number 978-3-540-49487-4, December.
- Parkinson, Simon C. & Djilali, Ned, 2015. "Long-term energy planning with uncertain environmental performance metrics," Applied Energy, Elsevier, vol. 147(C), pages 402-412.
- Wang, Zhenyu, 1998. "Efficiency loss and constraints on portfolio holdings," Journal of Financial Economics, Elsevier, vol. 48(3), pages 359-375, June.
- Anderson, Kim B. & Mapp, Harry P., Jr., 1996. "Risk Management Programs In Extension," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 21(01), pages 1-8, July.
- Pautsch, Gregory R. & Babcock, Bruce A. & Breidt, F. Jay, 1999.
"Optimal Information Acquisition Under A Geostatistical Model,"
Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 24(2), pages 1-25, December.
- Pautsch, Gregory R. & Babcock, Bruce A. & Breidt, F. J., 1999. "Optimal Information Acquisition Under a Geostatistical Model," Staff General Research Papers Archive 1517, Iowa State University, Department of Economics.
- Pautsch, Gregory R. & Babcock, Bruce & Breidt, F. Jay, 1999. "Optimal Information Acquisition Under a Geostatistical Model," ISU General Staff Papers 199905010700001528, Iowa State University, Department of Economics.
- Gregory R. Pautsch & Bruce A. Babcock & F. Jay Breidt, 1999. "Optimal Information Acquisition under a Geostatistical Model," Center for Agricultural and Rural Development (CARD) Publications 99-wp217, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- Doppler, Werner & Salman, Amer Z. & Al-Karablieh, Emad K. & Wolff, Heinz-Peter, 2002. "The impact of water price strategies on the allocation of irrigation water: the case of the Jordan Valley," Agricultural Water Management, Elsevier, vol. 55(3), pages 171-182, June.
- Candelon, B. & Hurlin, C. & Tokpavi, S., 2012.
"Sampling error and double shrinkage estimation of minimum variance portfolios,"
Journal of Empirical Finance, Elsevier, vol. 19(4), pages 511-527.
- Candelon, B. & Hurlin, C. & Tokpavi, S., 2011. "Sampling error and double shrinkage estimation of minimum variance portfolios," Research Memorandum 002, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
- Bertrand Candelon & Christophe Hurlin & Sessi Tokpavi, 2012. "Sampling Error and Double Shrinkage Estimation of Minimum Variance Portfolios," Post-Print hal-01385835, HAL.
- Timothy J. Lowe & Paul V. Preckel, 2004. "Decision Technologies for Agribusiness Problems: A Brief Review of Selected Literature and a Call for Research," Manufacturing & Service Operations Management, INFORMS, vol. 6(3), pages 201-208.
- Young, Douglas & Lin, William & Pope, Rulon & Robison, Lindon & Selley, Roger, 1979. "Risk Preferences Of Agricultual Producers:Their Measurement And Use," Risk Management in Agriculture: Behavioral, Managerial, and Policy Issues, January 25-26, 1979, San Francisco, California 271459, Regional Research Projects > W-149: An Economic Evaluation of Managing Market Risks in Agriculture.
- Southern Regional Research, 1988. "Modelling Farm Program-Crop Mix Decisions Under Risk: Discussion," Regional Research Projects > 1988: S-180 Annual Meeting, March 20-23, 1988, Savannah, Georgia 272785, Regional Research Projects > S-180: An Economic Analysis of Risk Management Strategies for Agricultural Production Firms.
- L.D. Tamini & M. Doyon & M.M. Zan, 2014.
"Investment behavior of Canadian Egg Producers: Analyzing the Impacts of Risk Aversion and Variability of Prices and Costs of Production,"
Cahiers de recherche CREATE
2014-2, CREATE.
- Tamini, L.D. & Doyon, M. & Zan, M.M., 2014. "Investment Behavior of Canadian Egg Producers: Analyzing the Impacts of Risk Aversion and Variability of Prices and Costs of Production," Working Papers 163032, University of Laval, Center for Research on the Economics of the Environment, Agri-food, Transports and Energy (CREATE).
- King, Robert P. & Robison, Lindon J., 1980. "Implementing Stochastic Dominance With Respect To A Function," Risk Analysis in Agriculture: Research and Educational Developments, January 16-18, 1980, Tucson, Arizona 271563, Regional Research Projects > W-149: An Economic Evaluation of Managing Market Risks in Agriculture.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:jlaare:30929. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/waeaaea.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.