Stochastic Technology , Risk Preferences and Adoption of Site-specific Technologies

@inproceedings{Isik2002StochasticT,
  title={Stochastic Technology , Risk Preferences and Adoption of Site-specific Technologies},
  author={Murat Isik and Madhu Khanna},
  year={2002}
}
This paper develops a model of farmer decision-making to examine the extent to which uncertainties about the performance of site-specific technologies (SSTs) and about the weather impact the value of these technologies. The model uses the jointly estimated risk and technology parameters to examine the impacts of SSTs on returns and nitrogen pollution. The availability of uncertain soil information and production uncertainty can lead risk-averse farmers to apply more fertilizers and generate… CONTINUE READING
Highly Cited
This paper has 20 citations. REVIEW CITATIONS