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Active Learning, Control Theory And Agricultural Policy

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  • Rausser, Gordon C.

Abstract

In recent years the potential variability of the world food system has become increasingly obvious. Especially during 1972-73 the magnitude of increases in farm product and food prices surprised most everyone within the public as well as the private sectors. To U.S. government officials who were struggling to contain inflation, especially in the administered price sectors of the economy, this tremendous increase in food prices was indeed a bitter disappointment. Moreover, from the standpoint of existing price forecasting models, it became clear that current perceptions and methods of predicting food price system events were no longer viable.

Suggested Citation

  • Rausser, Gordon C., 1977. "Active Learning, Control Theory And Agricultural Policy," 1977 AAEA-WAEA Joint Meeting, July 31-August 3, San Diego, California 283799, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea77:283799
    DOI: 10.22004/ag.econ.283799
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    Cited by:

    1. Bentley, Ernest & Shumway, C. Richard, 1981. "Adaptive Planning Over The Cattle Price Cycle," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 13(1), pages 1-10, July.
    2. 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.
    3. 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.
    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. 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.
    7. 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.
    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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    Keywords

    Agricultural and Food Policy;

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