IDEAS home Printed from https://ideas.repec.org/p/ags/aaea79/278370.html
   My bibliography  Save this paper

Optimal Sequential Sampling Of Natural Resource Stocks: An Application Of Kalman Filtering

Author

Listed:
  • Dixon, Bruce L.
  • Howitt, Richard E.

Abstract

For sequential estimation of resource stocks, partial replacement sampling is conventionally thought to give stock estimates with lower standard errors than estimators using simple random samples. Viewing resource production scheduling as dynamic, stochastic optimization, partial replacement sampling.is shown to be inefficient In certain instances compared with simple random sampling.

Suggested Citation

  • Dixon, Bruce L. & Howitt, Richard E., 1979. "Optimal Sequential Sampling Of Natural Resource Stocks: An Application Of Kalman Filtering," 1979 Annual Meeting, July 29-August 1, Pullman, Washington 278370, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea79:278370
    DOI: 10.22004/ag.econ.278370
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/278370/files/aaea-1979-125.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.278370?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Michael Athans, 1972. "The Discrete Time Linear-Quadratic-Gaussian Stochastic Control Problem," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 1, number 4, pages 449-491, National Bureau of Economic Research, Inc.
    2. Burt, Oscar R & Cummings, Ronald G, 1970. "Production and Investment in Natural Resource Industries," American Economic Review, American Economic Association, vol. 60(4), pages 576-590, September.
    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. Altobello, Marilyn A. & Diamond, Joseph E., 1980. "The Use Of Optimal Control Techniques For Managing The International Radio Spectrum," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 0(Number 2), pages 1-5, October.
    2. Tsur, Yacov & Zemel, Amos, 2005. "Scarcity, growth and R&D," Journal of Environmental Economics and Management, Elsevier, vol. 49(3), pages 484-499, May.
    3. Michael Athans, 1974. "The Importance of Kalman Filtering Methods for Economic Systems," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 3, number 1, pages 49-64, National Bureau of Economic Research, Inc.
    4. Siebert, Horst, 1981. "Ökonomische Theorie natürlicher Ressourcen: Ein Überblick," Open Access Publications from Kiel Institute for the World Economy 3576, Kiel Institute for the World Economy (IfW Kiel).
    5. Smith, James L., 2013. "Issues in extractive resource taxation: A review of research methods and models," Resources Policy, Elsevier, vol. 38(3), pages 320-331.
    6. Tsur, Yacov & Graham-Tomasi, Theodore, 1991. "The buffer value of groundwater with stochastic surface water supplies," Journal of Environmental Economics and Management, Elsevier, vol. 21(3), pages 201-224, November.
    7. Edna Tusak Loehman, 2014. "Social Investment for Sustainability of Groundwater: A Revealed Preference Approach," Sustainability, MDPI, vol. 6(9), pages 1-41, August.
    8. Horner, Gerald L. & Dudek, Daniel J., 1979. "An Analytical System For The Evaluation Of Land Use And Water Quality Policy Impacts Upon Irrigated Agriculture," Working Papers 225680, University of California, Davis, Department of Agricultural and Resource Economics.
    9. Tsur, Yacov & Zemel, Amos, 2002. "Growth, Scarcity And R&D," Discussion Papers 14994, Hebrew University of Jerusalem, Department of Agricultural Economics and Management.
    10. Unknown, 1991. "Environmental Quality And Land Values," Staff Papers 13399, University of Minnesota, Department of Applied Economics.
    11. Rao, Raghavendra D., 2000. "An integrated modelling framework for exploration and extraction of petroleum resources," Resources Policy, Elsevier, vol. 26(3), pages 133-143, September.
    12. Runge, C. Ford, 2006. "Agricultural Economics: A Brief Intellectual History," Staff Papers 13649, University of Minnesota, Department of Applied Economics.
    13. Wilen, James E., 2000. "Renewable Resource Economists and Policy: What Differences Have We Made?," Journal of Environmental Economics and Management, Elsevier, vol. 39(3), pages 306-327, May.
    14. Freebairn, John W. & Rausser, Gordon C., 1974. "An Adaptive Control Approach To Agricultural Policy," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 18(3), pages 1-13, December.
    15. J. Salerian, 1989. "Application of an Economic Model to Dryland Soil Salinity in Western Australia," Economics Discussion / Working Papers 89-25, The University of Western Australia, Department of Economics.
    16. Tsur, Yacov, 1990. "Groundwater Contamination And The Management Of A Conjunctive Ground And Surface Water Irrigation System," Staff Papers 13910, University of Minnesota, Department of Applied Economics.
    17. Headley, J. Charles, 1972. "Agricultural Productivity, Technology and Environmental Quality," 1972 Annual Meeting, August 20-23, Gainesville, Florida 337291, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    18. Weber, Thomas A. & Nguyen, Viet Anh, 2018. "A linear-quadratic Gaussian approach to dynamic information acquisition," European Journal of Operational Research, Elsevier, vol. 270(1), pages 260-281.
    19. Altobello, Marilyn A. & Diamond, Joseph E., 1980. "The Use Of Optimal Control Techniques For Managing The International Radio Spectrum," Journal of the Northeastern Agricultural Economics Council, Northeastern Agricultural and Resource Economics Association, vol. 9(2), pages 1-5, October.
    20. Pindyck, Robert S., 1975. "Optimal stabilization policies under decentralized control and conflicting objectives," Working papers 765-75., Massachusetts Institute of Technology (MIT), Sloan School of Management.

    More about this item

    Keywords

    Resource /Energy Economics and Policy;

    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:ags:aaea79:278370. 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: http://www.aaea.org .

    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.