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Active Learning, Control Theory, and Agricultural Policy

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  • Gordon C. Rausser

Abstract

In the evaluation of key agricultural policies, a number of critical uncertainties arise for which little in the way of empirical evidence has been accumulated. The typical departmentalization within the agricultural economics profession fails to offer any hope of properly assessing these uncertainties. One approach that integrates the separate tasks of system analysis, econometric estimation, optimization and more pragmatic data collection and summarization efforts is adaptive control. This framework effectively combines the characteristics of dynamic systems, uncertainties, and the active accumulation of information. Implications are drawn for potentially rewarding applications in agricultural and natural resource economics.

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  • Gordon C. Rausser, 1978. "Active Learning, Control Theory, and Agricultural Policy," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 60(3), pages 476-490.
    • Handle: RePEc:oup:ajagec:v:60:y:1978:i:3:p:476-490.
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    Cited by:

    1. Reichelderfer, Katherine H., 1986. "Risk in Government Program Decisionmaking: The Case of the Conservation Reserve," Regional Research Projects > 1986: S-180 Annual Meeting, March 23-26, 1986, Tampa, Florida 272008, Regional Research Projects > S-180: An Economic Analysis of Risk Management Strategies for Agricultural Production Firms.
    2. Dhungana, Basanta R. & Nuthall, Peter L. & Nartea, Gilbert V., 2000. "Explaining Economic Inefficiency Of Nepalese Rice Farms: An Empirical Investigation," 2000 Conference (44th), January 23-25, 2000, Sydney, Australia 123630, Australian Agricultural and Resource Economics Society.
    3. Arzac, Enrique R., 1979. "An Econometric Evaluation Of Stabilization Policies For The U.S. Grain Market," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 4(1), pages 1-14, July.
    4. Zavaleta, Luis R. & Lacewell, Ronald D. & Taylor, C. Robert, 1979. "Expected Benefits Derived From The Use Of More Sophisticated Irrigation Technologies," 1979 Annual Meeting, July 29-August 1, Pullman, Washington 278187, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. Gillespie, Jeffrey & Schupp, Alvin & Taylor, Gary, 1997. "Factors Affecting Production Efficiency in a New Alternative Enterprise: The Case of the Ratite Industry," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 29(2), pages 409-418, December.
    6. Wossink, Ada & Denaux, Zulal S., 2006. "Environmental and cost efficiency of pesticide use in transgenic and conventional cotton production," Agricultural Systems, Elsevier, vol. 90(1-3), pages 312-328, October.
    7. Bentley, Ernest & Shumway, C. Richard, 1981. "Adaptive Planning Over the Cattle Price Cycle," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 13(1), pages 139-148, July.
    8. Batabyal, Amitrajeet A., 1995. "Leading issues in domestic environmental regulation: A review essay," Ecological Economics, Elsevier, vol. 12(1), pages 23-39, January.
    9. Barry, Peter J., 1985. "A Dynamic Model Of The Debt-Equity Structure Of A Proprietory Firm: Discussion," Regional Research Projects > 1985: S-180 Annual Meeting, March 24-27, 1985, Charleston, South Carolina 271802, Regional Research Projects > S-180: An Economic Analysis of Risk Management Strategies for Agricultural Production Firms.

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