• Publications
  • Influence
Input Demand Under Yield and Revenue Insurance
Previous studies disagree on the effects of insurance on fertilizer application rates. The effect of increased fertilizer on the probability of low yields primarily determines whether fertilizer andExpand
  • 303
  • 28
Risk and Probability Premiums for CARA Utility Functions
The risk premium and the probability premium are used to determine appropriate coefficients of absolute risk aversion under CARA utility. A defensible range of risk aversion coefficients is definedExpand
  • 170
  • 22
  • PDF
Targeting Tools for the Purchase of Environmental Amenities
Using analytical and numerical models, we demonstrate that the relative variability of costs and benefits and the correlation between the two are primary determinants of efficiency losses from following targeting rules based on cost or benefits, rather than based on the benefit to cost ratio. Expand
  • 284
  • 18
Using Cumulative Prospect Theory to Explain Anomalous Crop Insurance Coverage Choice
Farmers’ decisions about how much crop insurance to buy are not generally consistent with expected utility maximization. Taking into account both marginal risk benefits and marginal subsidy effectsExpand
  • 73
  • 18
The Economics of a Public Fund for Environmental Amenities: A Study of Crp Contracts
The problem of targeting CRP purchases to buy environmental amenities under productivity and environmental heterogeneity is considered. Gini coefficients and Lorenz curves are used to measure theExpand
  • 186
  • 16
Emerging Biofuels: Outlook of Effects on U.S. Grain, Oilseed, and Livestock Markets
Projections of U.S. ethanol production and its impacts on planted acreage, crop prices, livestock production and prices, trade, and retail food costs are presented under the assumption that currentExpand
  • 140
  • 16
  • PDF
Agricultural Land Elasticities in the United States and Brazil
The elasticity of aggregate supply is one key to understanding the degree to which policy-induced increases in demand for biofuel feedstocks or agricultural CO2 offsets will result in higher pricesExpand
  • 104
  • 16
  • PDF
Contract Design for the Purchase of Environmental Goods from Agriculture
An environmental stewardship program, whereby farmers are paid directly for the environmental goods they provide, is developed by combining the microparameter distribution model with mechanism designExpand
  • 206
  • 13
Efficiency of Sequestering Carbon in Agricultural Soils (The)
Agricultural tillage practices are important human-induced activities that can alter carbon emissions from agricultural soils and have the potential to significantly contribute to reductions inExpand
  • 143
  • 11
  • PDF