A Dynamic Decision Model of Technology Adoption under Uncertainty: Case of Herbicide-Resistant Rice-Reference-Cited by-同舟云学术

A Dynamic Decision Model of Technology Adoption under Uncertainty: Case of Herbicide-Resistant Rice

Published:2005-04 Issue:1 Volume:37 Page:161-172
ISSN:1074-0708
Container-title:Journal of Agricultural and Applied Economics
language:en
Short-container-title:J. Agric. Appl. Econ.

Author:

Annou Mamane M.,Wailes Eric J.,Thomsen Michael R.

Abstract

Herbicide-resistant (HR) rice technology is a potential tool for control of red rice in commercial rice production. Using anex antemathematical programming framework, this research presents an empirical analysis of HR rice technology adoption under uncertainty. The analysis accounts for stochastic germination of red rice and sheath blight to model a profit maximization problem of crop rotation among HR rice, regular rice, and soybeans. The results demonstrate that risk attitudes and technology efficiency determine adoption rates and optimal rotation patterns.

Publisher

Cambridge University Press (CUP)

Subject

Economics and Econometrics,Agricultural and Biological Sciences (miscellaneous)

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