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Factor Input Demand Subject to Economic and Environmental Risk: The Case of Nitrogen Fertilizer in Corn Production

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  • Carriker, Gordon L.

Abstract

Nitrogen (N) fertilizer demand in relation to economic and environmental risks associated with N-fertilizer management are examined. Both nominal and environmental damage-adjusted net returns distributions are evaluated using stochastic dominance analysis. Results suggest that, in the absence of environmental risk, N demand becomes more elastic as farmers become more risk averse. When environmental risk is introduced to the decision-making process, N demand becomes even more elastic.

Suggested Citation

  • Carriker, Gordon L., 1993. "Factor Input Demand Subject to Economic and Environmental Risk: The Case of Nitrogen Fertilizer in Corn Production," Staff Papers 118154, Kansas State University, Department of Agricultural Economics.
    • Handle: RePEc:ags:ksaesp:118154
    DOI: 10.22004/ag.econ.118154
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    References listed on IDEAS

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