Article ID Journal Published Year Pages File Type
4491419 Agricultural Systems 2012 8 Pages PDF
Abstract
► Risk preferences influences farmers' fertilizer decisions. ► Smaller levels of nitrogen taxes are required for risk averse farmers. ► Increases in price or yield variability reduce optimal levels of fertilizer application. ► Assuming profit maximization may overestimate abatement costs. ► Policy should take risk-averse behavior into account.
Related Topics
Life Sciences Agricultural and Biological Sciences Agricultural and Biological Sciences (General)
Authors
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