IDEAS home Printed from https://ideas.repec.org/p/ags/uneewp/12936.html
   My bibliography  Save this paper

Management Strategies For Indonesian Small-Holder Rubber Production In South Sumatra: A Bioeconomic Analysis

Author

Listed:
  • Purnamasari, Ririn S.
  • Cacho, Oscar J.
  • Simmons, Phil

Abstract

A simplified version of the BEAM Rubber Agroforestry Model is embedded in a dynamic economic model to examine the impact of uncertainty about prices and climate on decision variables. Solutions, in terms of optimal levels for decision variables are found using a Monte Carlo stochastic framework. These solutions were used to derive risk-efficient frontiers corresponding to different levels of the decision variables. The results underline the importance of including uncertainty in dynamic bioeconomic systems since profits under uncertainty turned out to be quite different from those obtained with prices and climate assumed to be constant.

Suggested Citation

  • Purnamasari, Ririn S. & Cacho, Oscar J. & Simmons, Phil, 1999. "Management Strategies For Indonesian Small-Holder Rubber Production In South Sumatra: A Bioeconomic Analysis," Working Papers 12936, University of New England, School of Economics.
    • Handle: RePEc:ags:uneewp:12936
    DOI: 10.22004/ag.econ.12936
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/12936/files/wp9914.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.12936?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. Neher,Philip A., 1990. "Natural Resource Economics," Cambridge Books, Cambridge University Press, number 9780521311748, September.
    2. Cacho, O. J. & Bywater, A. C. & Dillon, J. L., 1999. "Assessment of production risk in grazing models," Agricultural Systems, Elsevier, vol. 60(2), pages 87-98, May.
    3. Grist, P. & Menz, Kenneth M. & Thomas, 1998. "Modified BEAM Rubber Agroforestry Models: RRYIELD and RRECON," Technical Reports 113817, Australian Centre for International Agricultural Research.
    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. Chapman, D.F. & Kenny, S.N. & Beca, D. & Johnson, I.R., 2008. "Pasture and forage crop systems for non-irrigated dairy farms in southern Australia. 1. Physical production and economic performance," Agricultural Systems, Elsevier, vol. 97(3), pages 108-125, June.
    2. Nasca, J.A. & Feldkamp, C.R. & Arroquy, J.I. & Colombatto, D., 2015. "Efficiency and stability in subtropical beef cattle grazing systems in the northwest of Argentina," Agricultural Systems, Elsevier, vol. 133(C), pages 85-96.
    3. Catherine C. Langlois, 1993. "Monopoly Price Determination in the Operational Unit Period," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 16(1), pages 81-103, September.
    4. Jeroen C.J.M. van den Bergh & Peter Nijkamp, 1998. "Advances in Environmental Economics: Analysis and Modelling," Tinbergen Institute Discussion Papers 98-094/3, Tinbergen Institute.
    5. Christian Elleby & Frank Jensen, 2018. "How Many Instruments Do We Really Need? A First-Best Optimal Solution to Multiple Objectives with Fisheries Regulation," IFRO Working Paper 2018/05, University of Copenhagen, Department of Food and Resource Economics.
    6. Jensen, Frank & Nøstbakken, Linda, 2016. "A corporate-crime perspective on fisheries: liability rules and non-compliance," Environment and Development Economics, Cambridge University Press, vol. 21(3), pages 371-392, June.
    7. Manuel Pacheco Coelho, 2011. "Hunting Rights and Conservation: The Portuguese Case," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 1(4), pages 164-164.
    8. Lars Gårn Hansen, 2008. "Prices versus Quantities in Fisheries Models: Comment," Land Economics, University of Wisconsin Press, vol. 84(4), pages 708-711.
    9. Brander, James A. & Scott Taylor, M., 1998. "Open access renewable resources: Trade and trade policy in a two-country model," Journal of International Economics, Elsevier, vol. 44(2), pages 181-209, April.
    10. Frank Jensen, 2001. "Prices versus Quantities for Common Pool Resources," Working Papers 19/01, University of Southern Denmark, Department of Sociology, Environmental and Business Economics.
    11. Waweru, Caroline Waithira & Nyikal, Rose & Busienei, John R, 2017. "An Analysis Of Risk Attitudes And Risk Management Strategies Among Dairy Farmers In Murang’A County, Kenya," Dissertations and Theses 271063, University of Nairobi, Department of Agricultural Economics.
    12. Young, Michael & Young, John & Kingwell, Ross S. & Vercoe, Philip E., 2023. "Representing weather-year variation in whole-farm optimisation models: Four-stage single-sequence vs eight-stage multi-sequence," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 68(01), September.
    13. Abildtrup, Jens & Jensen, Frank, 2014. "The regulation of hunting: A game population based tax on hunters," Revue d'Etudes en Agriculture et Environnement, Editions NecPlus, vol. 95(03), pages 281-298, September.
    14. John, A. & Pecchenino, R. & Schimmelpfennig, D. & Schreft, S., 1995. "Short-lived agents and the long-lived environment," Journal of Public Economics, Elsevier, vol. 58(1), pages 127-141, September.
    15. Hansen, Lars Gårn & Jensen, Frank, 2017. "Regulating fisheries under uncertainty," Resource and Energy Economics, Elsevier, vol. 50(C), pages 164-177.
    16. Piadeh, Farzad & Alavi Moghaddam, Mohamad Reza & Mardan, Saeed, 2014. "Present situation of wastewater treatment in the Iranian industrial estates: Recycle and reuse as a solution for achieving goals of eco-industrial parks," Resources, Conservation & Recycling, Elsevier, vol. 92(C), pages 172-178.
    17. Behrendt, Karl & Cacho, Oscar & Scott, James M. & Jones, Randall, 2016. "Using seasonal stochastic dynamic programming to identify optimal management decisions that achieve maximum economic sustainable yields from grasslands under climate risk," Agricultural Systems, Elsevier, vol. 145(C), pages 13-23.
    18. Tóth, M. & Lančarič, D. & Piterková, A. & Savov, R., 2014. "Systematic Risk in Agriculture: A Case of Slovakia," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 6(4), pages 1-9, December.
    19. Carl-Erik Schulz, 1996. "Trade policy and ecology," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 8(1), pages 15-38, July.
    20. Eric Nævdal, 2022. "Productivity and Management of Renewable Resources: Why More Efficient Fishing Fleets Should Fish Less," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 81(3), pages 409-424, March.

    More about this item

    Keywords

    Production Economics; Risk and Uncertainty;

    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:uneewp:12936. 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: https://edirc.repec.org/data/deuneau.html .

    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.