IDEAS home Printed from https://ideas.repec.org/a/eee/agisys/v75y2003i2-3p215-234.html
   My bibliography  Save this article

The economics of risk, uncertainty and learning in the adoption of new agricultural technologies: where are we on the learning curve?

Author

Listed:
  • Marra, Michele
  • Pannell, David J.
  • Abadi Ghadim, Amir

Abstract

No abstract is available for this item.

Suggested Citation

  • Marra, Michele & Pannell, David J. & Abadi Ghadim, Amir, 2003. "The economics of risk, uncertainty and learning in the adoption of new agricultural technologies: where are we on the learning curve?," Agricultural Systems, Elsevier, vol. 75(2-3), pages 215-234.
  • Handle: RePEc:eee:agisys:v:75:y:2003:i:2-3:p:215-234
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0308-521X(02)00066-5
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Young, Douglas L., 1979. "Risk Preferences Of Agricultural Producers: Their Use In Extension And Research," 1979 Annual Meeting, July 29-August 1, Pullman, Washington 278203, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Sinden, Jack A. & King, David A., 1990. "Adoption of Soil Conservation Measures in Manilla Shire, New South Wales," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 58(02-03), pages 1-14, December.
    3. Robert K. Lindner & Melissa Gibbs, 1990. "A Test Of Bayesian Learning From Farmer Trials Of New Wheat Varieties," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 34(1), pages 21-38, April.
    4. Shapiro, B.I. & Brorsen, B.Wade & Doster, D. Howard, 1992. "Adoption of Double-Cropping Soybeans and Wheat," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 24(2), pages 33-40, December.
    5. Avinash K. Dixit & Robert S. Pindyck, 1994. "Investment under Uncertainty," Economics Books, Princeton University Press, edition 1, number 5474.
    6. Hans P. Binswanger, 1980. "Attitudes Toward Risk: Experimental Measurement in Rural India," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(3), pages 395-407.
    7. Foster, Andrew D & Rosenzweig, Mark R, 1995. "Learning by Doing and Learning from Others: Human Capital and Technical Change in Agriculture," Journal of Political Economy, University of Chicago Press, vol. 103(6), pages 1176-1209, December.
    8. Just, Richard E & Zilberman, David, 1983. "Stochastic Structure, Farm Size and Technology Adoption in Developing Agriculture," Oxford Economic Papers, Oxford University Press, vol. 35(2), pages 307-328, July.
    9. Gershon Feder & Roger Slade, 1984. "The Acquisition of Information and the Adoption of New Technology," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 66(3), pages 312-320.
    10. Joyotee Smith & Abraham M. Mandac, 1995. "Subjective versus Objective Yield Distributions as Measures of Production Risk," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 77(1), pages 152-161.
    11. Tsur, Yacov & Sternberg, Menachem & Hochman, Eithan, 1990. "Dynamic Modelling of Innovation Process Adoption with Risk Aversion and Learning," Oxford Economic Papers, Oxford University Press, vol. 42(2), pages 336-355, April.
    12. Lindner, Robert K. & Gibbs, Melissa, 1990. "A Test Of Bayesian Learning From Farmer Trials Of New Wheat Varieties," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 34(01), pages 1-18, April.
    13. Rosenberg, Nathan, 1976. "On Technological Expectations," Economic Journal, Royal Economic Society, vol. 86(343), pages 523-535, September.
    14. Anderson, Jock R. & Dillon, John L. & Hardaker, Brian, 1977. "Agricultural Decision Analysis," Monographs: Applied Economics, AgEcon Search, number 288652, October.
    15. Douglas L. Young, 1979. "Risk Preferences of Agricultural Producers: Their Use in Extension and Research," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(5), pages 1063-1070.
    16. H. M. G. Herath & J. Brian Hardaker & Jock R. Anderson, 1982. "Choice of Varieties by Sri Lanka Rice Farmers: Comparing Alternative Decision Models," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 64(1), pages 87-93.
    17. Bhattacharyya, Arunava & Harris, Thomas R. & Kvasnicka, William G. & Veserat, Gary M., 1997. "Factors Influencing Rates Of Adoption Of Trichomoniasis Vaccine By Nevada Range Cattle Producers," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 22(01), pages 1-17, July.
    18. Kevin T. McNamara & Michael E. Wetzstein & G. Keith Douce, 1991. "Factors Affecting Peanut Producer Adoption of Integrated Pest Management," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 13(1), pages 129-139.
    19. Barry K. Goodwin & Ted C. Schroeder, 1994. "Human Capital, Producer Education Programs, and the Adoption of Forward-Pricing Methods," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 76(4), pages 936-947.
    20. Michele C. Marra & Gerald A. Carlson, 1990. "The Decision to Double Crop: An Application of Expected Utility Theory Using Stein's Theorem," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(2), pages 337-345.
    21. Carletto, Calogero & de Janvry, Alain & Sadoulet, Elisabeth, 1996. "Knowledge, Toxicity, And External Shocks: The Determinants Of Adoption And Abandonment Of Non-Traditional Export Crops By Smallholders In Guatemala," CUDARE Working Papers 25088, University of California, Berkeley, Department of Agricultural and Resource Economics.
    22. Ellison, Glenn & Fudenberg, Drew, 1993. "Rules of Thumb for Social Learning," Journal of Political Economy, University of Chicago Press, vol. 101(4), pages 612-643, August.
    23. David T. Eckman & George F. Patrick & Wesley N. Musser, 1996. "Factors Affecting Written Marketing Plan Adoption by Large-Scale Grain Producers," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 18(4), pages 565-574.
    24. Baron, David P, 1970. "Price Uncertainty, Utility, and Industry Equilibrium in Pure Competition," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 11(3), pages 463-480, October.
    25. R.K. Lindner & P.G. Pardey & F.G. Jarrett, 1982. "Distance to Information and the Time Lag to Early Adoption of Trace Element Fertilizers," School of Economics and Public Policy Working Papers 1982-02, University of Adelaide, School of Economics and Public Policy.
    26. Feder, Gershon & Just, Richard E & Zilberman, David, 1985. "Adoption of Agricultural Innovations in Developing Countries: A Survey," Economic Development and Cultural Change, University of Chicago Press, vol. 33(2), pages 255-298, January.
    27. Abadi Ghadim, Amir K. & Pannell, David J., 1999. "A conceptual framework of adoption of an agricultural innovation," Agricultural Economics, Blackwell, vol. 21(2), pages 145-154, October.
    28. Jeffrey Hyde & Marshall A. Martin & Paul V. Preckel & C. Richard Edwards, 1999. "The Economics of Bt Corn: Valuing Protection from the European Corn Borer," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 21(2), pages 442-454.
    29. Sandmo, Agnar, 1971. "On the Theory of the Competitive Firm under Price Uncertainty," American Economic Review, American Economic Association, vol. 61(1), pages 65-73, March.
    30. Lindner, Robert K. & Pardey, Philip G. & Jarrett, Frank G., 1982. "Distance To Information Source And The Time Lag To Early Adoption Of Trace Element Fertilisers," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 26(2), pages 1-16, August.
    31. Ephraim Nkonya & Ted Schroeder & David Norman, 1997. "Factors Affecting Adoption Of Improved Maize Seed And Fertiliser In Northern Tanzania," Journal of Agricultural Economics, Wiley Blackwell, vol. 48(1‐3), pages 1-12, January.
    32. Marra, Michele C. & Carlson, Gerald A., 1987. "The Role Of Farm Size And Resource Constraints In The Choice Between Risky Technologies," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 12(2), pages 1-10, December.
    33. Saha Atanu & H. Alan Love & Robert Schwart, 1994. "Adoption of Emerging Technologies Under Output Uncertainty," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 76(4), pages 836-846.
    34. Kenneth J. Arrow & Anthony C. Fisher, 1974. "Environmental Preservation, Uncertainty, and Irreversibility," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 88(2), pages 312-319.
    35. Bennett, Anne L. & Pannell, David J., 1998. "Economic evaluation of a weed-activated sprayer for herbicide application to patchy weed populations," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 42(4), pages 1-20.
    36. Robert P. King & Lindon J. Robison, 1981. "An Interval Approach to Measuring Decision Maker Preferences," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 63(3), pages 510-520.
    37. Jayati Sarkar, 1998. "Technological Diffusion: Alternative Theories and Historical Evidence," Journal of Economic Surveys, Wiley Blackwell, vol. 12(2), pages 131-176, April.
    38. Derek Byerlee & Edith Hesse de Polanco, 1986. "Farmers' Stepwise Adoption of Technological Packages: Evidence from the Mexican Altiplano," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 68(3), pages 519-527.
    39. Gershon Feder & Gerald T. O'Mara, 1982. "On Information and Innovation Diffusion: A Bayesian Approach," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 64(1), pages 145-147.
    40. Bruce Mcwilliams & Yacov Tsur & Eithan Hochman & David Zilberman, 1998. "Count-data regression models of the time to adopt new technologies," Applied Economics Letters, Taylor & Francis Journals, vol. 5(6), pages 369-373.
    41. Jayson K. Harper & M. Edward Rister & James W. Mjelde & Bastiaan M. Drees & Michael O. Way, 1990. "Factors Influencing the Adoption of Insect Management Technology," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(4), pages 997-1005.
    42. repec:bla:jecsur:v:12:y:1998:i:2:p:131-76 is not listed on IDEAS
    43. Barry K. Goodwin & Terry L. Kastens, 1996. "An Analysis of Marketing Frequency by Kansas Crop Producers," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 18(4), pages 575-584.
    44. Melinda Smale & Richard E. Just & Howard D. Leathers, 1994. "Land Allocation in HYV Adoption Models: An Investigation of Alternative Explanations," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 76(3), pages 535-546.
    45. A.J. Fischer & A.J. Arnold & M. Gibbs, 1996. "Information and the Speed of Innovation Adoption," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(4), pages 1073-1081.
    Full references (including those not matched with items on IDEAS)

    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.
    1. Llewellyn, Rick S. & Lindner, Robert K. & Pannell, David J. & Powles, Stephen B., 2003. "Effective information and the influence of an extension event on perceptions and adoption," 2003 Conference (47th), February 12-14, 2003, Fremantle, Australia 57911, Australian Agricultural and Resource Economics Society.
    2. Abadi Ghadim, Amir K. & Pannell, David J., 1999. "A conceptual framework of adoption of an agricultural innovation," Agricultural Economics, Blackwell, vol. 21(2), pages 145-154, October.
    3. Hurley, Terrance M., 2010. "A review of agricultural production risk in the developing world," Working Papers 188476, HarvestChoice.
    4. Lambrecht, Isabel & Vanlauwe, Bernard & Merckx, Roel & Maertens, Miet, 2014. "Understanding the Process of Agricultural Technology Adoption: Mineral Fertilizer in Eastern DR Congo," World Development, Elsevier, vol. 59(C), pages 132-146.
    5. Llewellyn, Rick S. & Lindner, Robert K. & Pannell, David J. & Powles, Stephen B., 2002. "Adoption of herbicide resistance management practices by Australian grain growers," 2002 Conference (46th), February 13-15, 2002, Canberra, Australia 179527, Australian Agricultural and Resource Economics Society.
    6. Marc Baudry & Edouard Civel & Camille Tévenart, 2023. "Land allocation and the adoption of innovative practices in agriculture: a real option modelling of the underlying hidden costs," EconomiX Working Papers 2023-1, University of Paris Nanterre, EconomiX.
    7. Dimara, Efthalia & Skuras, Dimitrios, 1998. "Adoption of new tobacco varieties in Greece: Impacts of empirical findings on policy design," Agricultural Economics, Blackwell, vol. 19(3), pages 297-307, December.
    8. Margarita Genius & Christos Pantzios & Vangelis Tzouvelekas, 2003. "Information Acquisition and Adoption of Organic Farming Practices: Evidence from Farm Operations in Crete, Greece," Working Papers 0305, University of Crete, Department of Economics.
    9. Pannell, David J. & Pardey, Philip G. & Hurley, Terrence M., 2020. "Private Incentives for Sustainable Agriculture: Principals and Evidence for Sustainable Agricultural Change," Working Papers 304700, University of Western Australia, School of Agricultural and Resource Economics.
    10. Xu, Pei & Wang, Zhigang, 2012. "Factors Affect Chinese Producers' Adoption of a New Production Technology: Survey Results from Chinese Fruits Producers," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 13(2), pages 1-16.
    11. Gregory Amacher & Jeffrey Alwang, 2004. "Productivity and Land Enhancing Technologies in Northern Ethiopia: Health, Public Investments, and Sequential Adoption," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 86(2), pages 321-331.
    12. L. Toma & A. P. Barnes & L.-A. Sutherland & S. Thomson & F. Burnett & K. Mathews, 2018. "Impact of information transfer on farmers’ uptake of innovative crop technologies: a structural equation model applied to survey data," The Journal of Technology Transfer, Springer, vol. 43(4), pages 864-881, August.
    13. Musser, Wesley N., 1994. "Progress In Risk Analysis In Regional Projects," 1994 Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses Risk, Technical Committee Meeting, March 24-26, 1994, Gulf Shores State Park, Alabama 271553, Regional Research Projects > S-232: Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk.
    14. Elaine M. Liu, 2013. "Time to Change What to Sow: Risk Preferences and Technology Adoption Decisions of Cotton Farmers in China," The Review of Economics and Statistics, MIT Press, vol. 95(4), pages 1386-1403, October.
    15. Ursula Aldana & Jeremy D. Foltz & Bradford L. Barham & Pilar Useche, 2010. "Sequential Adoption of Package Technologies: The Dynamics of Stacked Trait Corn Adoption," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 93(1), pages 130-143.
    16. Sara Savastano & Pasquale Lucio Scandizzo, 2010. "The Adoption and Diffusion of GM Crops in USA: A Real Option Approach," CEIS Research Paper 169, Tor Vergata University, CEIS, revised 20 Jul 2010.
    17. Rodgers, Aaron & Morgan, Kimberly L. & Harri, Ardian, 2017. "Technology Adoption and Risk Preferences: The Case of Machine Harvesting by Southeastern Blueberry Producers," Journal of Food Distribution Research, Food Distribution Research Society, vol. 48(2), July.
    18. Elaine Meichen Liu, 2008. "Time to Change What to Sow: Risk Preferences and Technology Adoption Decisions of Cotton Farmers in China," Working Papers 1064, Princeton University, Department of Economics, Industrial Relations Section..
    19. Marra, Michele C. & Hubbell, Bryan J. & Carlson, Gerald A., 2001. "Information Quality, Technology Depreciation, And Bt Cotton Adoption In The Southeast," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 26(01), pages 1-18, July.
    20. J. Bidogeza & P. Berentsen & J. Graaff & A. Oude Lansink, 2009. "A typology of farm households for the Umutara Province in Rwanda," Food Security: The Science, Sociology and Economics of Food Production and Access to Food, Springer;The International Society for Plant Pathology, vol. 1(3), pages 321-335, September.

    More about this item

    Statistics

    Access and download statistics

    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:eee:agisys:v:75:y:2003:i:2-3:p:215-234. 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: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/agsy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.