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- Author:
- Saphores, Jean‐Daniel M.
- Source:
- American journal of agricultural economics 2000 v.82 no.3 pp. 541-555
- ISSN:
- 0002-9092
- Subject:
- Malus domestica; agricultural economics; apples; control methods; crops; economic threshold; farmers; insect control; models; pesticide application; pesticides; pests; population density; soil
- Abstract:
- ... 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 ...
- DOI:
- 10.1111/0002-9092.00045
-
http://dx.doi.org/10.1111/0002-9092.00045