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- Saphores, Jean‐Daniel M.
- American journal of agricultural economics 2000 v.82 no.3 pp. 541-555
- Malus domestica; agricultural economics; apples; control methods; crops; economic threshold; farmers; insect control; models; pesticide application; pesticides; pests; population density; soil
- ... Using real options,this paper formulates an optimal stopping model for applying pest control measures when the density of a pest population varies randomly. A delay between successive pesticide applications is introduced to analyze the farmer's expected marginal cost of reentry. This model is applied to the control of a foliar pest of apples via a pesticide, and is solved numerically. A sensitivit ...