Economic Thresholds Under Uncertainty with Application to Corn Nematode Management
نویسندگان
چکیده
منابع مشابه
Economic Rationality under Uncertainty
Though uncertainty pervades all aspects of life and human action, it has a rather short history in economics. Surprisingly, Daniel Bernoulli’s (1738) notion of expected utility, which suggests that (in games of chance) monetary risky ventures ought to be evaluated by the sum of utilities of outcomes weighted by the corresponding probabilities, was not immediately used in economic theory. Indeed...
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Determinatitm and use of economic thresholds is considered essential in nematode pest management programs. The economic efficiency of control measures is lnaximized when the difference hetween the crop valne and the cost of pest control is greatest. Since the cost of reducing the nematnde pnpnlation varies with the magnitutle of the reduction attempted, an economic (optimizing) threshold can be...
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ژورنال
عنوان ژورنال: Journal of Agricultural and Applied Economics
سال: 1984
ISSN: 1074-0708,2056-7405
DOI: 10.1017/s0081305200016927