Sprayed to death: path dependence, lock-in and pest control strategies
Article Abstract:
Integrated pest management (IPM) has failed to gain ground against chemical pest control products because of lack of farm-level learning and coordination, low payoffs for users and concept immaturity. These problems can be remedied by developing extension services to increase IPM awareness among farmers, promoting IPM implementation on a regionwide basis instead of individual farmers to reduce costs. Moreover, lenders and insurers should be educated about the concept's viability to increase farm credits.
Publication Name: Economic Journal
Subject: Economics
ISSN: 0013-0133
Year: 1996
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Decision making processes under uncertainty: an econometric analysis
Article Abstract:
Panel data gathered from rural India on a daily rated labor market has been used to analyze how workers handle uncertainty due to involuntary unemployment. The Expected Utility Model (EUM) with linear and nonlinear objective probabilities is estimated as well as EUM with linear and nonlinear subjective probabilities. Empirical analysis shows that people deal with subjective probabilities based on their past experiences.
Publication Name: Economic Journal
Subject: Economics
ISSN: 0013-0133
Year: 1995
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Goodwill, Intertemporal Price Dependence and the Repurchase Decision
Article Abstract:
Previous theories correlating price and goodwill are simplified. The model gauges the effect of goodwill and price dependence on the repurchase decision. Generalization of the model is obtained through the use of many goods, an indirect utility function, and a time dimension. The model provides an optimal stopping problem with reservation prices. A positive dependence on price is observed.
Publication Name: Economic Journal
Subject: Economics
ISSN: 0013-0133
Year: 1983
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- Abstracts: On the detection of state dependence using aggregate outflow data: comments on previous studies. Bringing income distribution in from the cold
- Abstracts: Role of technology in the emergence of newly industrializing countries. Does entry size matter? The impact of the life cycle and technology on firm survival
- Abstracts: Optimal dynamic investment policies under concave-convex adjustment costs. Optimal Maintenance and Production Rates for a Machine
- Abstracts: Tarnished Hopes. Off to Athens with Hopes for an Agreement. Hong Kong Hopes This Rat Will Run and Run
- Abstracts: A real theory of inflation and incentive anti-inflation plans. Incentive Effects of Terminations: Applications to the Credit and Labor Markets