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Large Scale Agriculture Sector Price Endogenous MP Modeling with E,V Risk

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  • House, Robert M.

Abstract

A U.S. agriculture sector regional, spatial equilibrium model incorporating E,V risk is presented. It is formulated and solved in direct nonlinear programming fashion. Nonlinear and linear approximation procedures are compared regarding simplicity, flexibility and cost. Example results are presented for risky and riskless simulations of increasing crop export demand.

Suggested Citation

  • House, Robert M., 1983. "Large Scale Agriculture Sector Price Endogenous MP Modeling with E,V Risk," 1983 Annual Meeting, July 31-August 3, West Lafayette, Indiana 279105, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea83:279105
    DOI: 10.22004/ag.econ.279105
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    File URL: https://ageconsearch.umn.edu/record/279105/files/aaea-1983-002.pdf
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    References listed on IDEAS

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    1. 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.
    2. Bruce A. McCarl & Thomas H. Spreen, 1980. "Price Endogenous Mathematical Programming As a Tool for Sector Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(1), pages 87-102.
    3. Bruce A. McCarl & Thomas Tice, 1982. "Should Quadratic Programming Problems Be Approximated?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 64(3), pages 585-589.
    4. P. B. R. Hazell & P. L. Scandizzo, 1974. "Competitive Demand Structures under Risk in Agricultural Linear Programming Models," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 56(2), pages 235-244.
    5. Richard L. Simmons & Carlos Pomareda, 1975. "Equilibrium Quantity and Timing of Mexican Vegetable Exports," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(3), pages 472-479.
    Full references (including those not matched with items on IDEAS)

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