Stochastic dominance in wheat variety development and release strategies

Journal of Agricultural and Resource Economics

Volumn 29, Issue 1, 2004, Pages 94-111

  Dahl, Bruce L ^a   Wilson, William W ^a   Nganje, William ^a  

^a NORTH DAKOTA STATE UNIVERSITY   (United States)

Author keywords

End user value; Grower value; Portfolio value; Stochastic dominance; Tradeoffs; Variety development; Wheat

Indexed keywords

TRITICUM AESTIVUM;

EID: 2942586614     PISSN: 10685502     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (28)

1. Anderson, J. R. "Risk Efficiency in the Interpretation of Agricultural Production Research." Rev. Marketing and Agr. Econ. 42,3(1974):131-184.
2. Baña e Costa, C. A., L. Ensslin, and A. P. Costa. "Structuring the Process of Choosing Rice Varieties at the South of Brazil." In Multicritera Analysis for Land-Use Management, eds., E. Beinat and P. Nijkamp. Dordrecht, The Netherlands: Kluwer Academic Publishers, 1998.
3. Brennan, J. P. "An Economic Investigation of Wheat Breeding Programs." Agr. Econ. Bull. No. 35, Dept. of Agr. Econ. and Bus. Mgmt., University of New England, Armindale, NSW, Australia, 1988.
4. _. "Valuing the Breeding Characteristics of Wheat." Agr. Econ. Bull. No. 7, NSW Agriculture and Fisheries, Sydney, Australia, 1990.
5. _. "Economic Aspects of Quality Issues in Wheat Variety Improvement." In Proceedings of the International Wheat Quality Conference, pp. 363-376. Manhattan, KS, 18-22 May 1997.
6. Brennan, J. P., and G. M. Murray. "Australian Wheat Diseases: Assessing Their Economic Importance." Agricultural Science: J. of the Australian Institute of Agricultural Science 1,7(1988):26-35.
7. Cochrane, M. J., L. J. Robinson, and W. Lodwick. "Improving the Efficiency of Stochastic Dominance Techniques Using Convex Set Stochastic Dominance." Amer. J. Agr. Econ. 67,2(1985):289-294.
8. Dahl, B., W. Wilson, and D. Johnson. "Valuing New Varieties: Tradeoffs Between Growers and End-Users in Wheat." Rev. Agr. Econ. (September 2004): forthcoming.
9. Davidson, R., and J.-Y. Duclos. "Statistical Inference for Stochastic Dominance and for the Measurement of Poverty and Inequality." Econometrica 68(2000):1435-1464.
10. Drynan, R. Economic Elements of Quality in Wheat Buying. Portland, OR: Wheat Marketing Center, Inc., 1996.
11. Fraser, R. W. "Seasonal Variability, Land Values, and Willingness to Pay for a Forward Wheat Contract with Protein Premiums and Discounts." Austral. J. Agr. and Resour. Econ. 41(1997):139-155.
12. Goh, S., C. C. Shih, M. J. Cochran, and R. Raskin. "A Generalized Stochastic Dominance Program for the IBM PC." S. J. Agr. Econ. 59(1989):175-182.
13. Hadar, J., and W. R. Russell. "Rules for Ordering Uncertain Prospects." Amer. Econ. Rev. 59(1969):25-34.
14. Ingersoll, J. E., Jr. Theory of Financial Decision Making. Lanham, MD: Rowman & Littlefield Savage, 1987.
15. McCarl, B. A., T. O. Knight, J. R. Wilson, and J. B. Hastie. "Stochastic Dominance over Potential Portfolios: Caution Regarding Covariance." Amer. J. Agr. Econ. 69,4(November 1987):804-812.
16. Meyers, J. "Stochastic Dominance with Respect to a Function: A Fortran Program," 1980. Updated version available from J. Richardson, Dept. of Agr. Econ., Texas A&M University, College Station.
17. Moss, C. B. "Implementation of Stochastic Dominance: A Nonparametric Kernel Approach." Staff Pap. No. SP 01-6, Dept. of Food and Resour. Econ., University of Florida, Gainesville, 2001.
18. Nganje, W. E., D. D. Johnson, W. W. Wilson, F. L. Leistritz, D. A. Bangsund, and N. Tiapo. "Economic Impacts of Fusarisum Head Blight on Wheat and Barley." Rep. No. 464, Dept. of Agribus. and Appl. Econ., North Dakota State University, Fargo, August 2001.
19. North Dakota State University, Department of Cereal Science and Food Technology. "Quality Evaluation Program: Hard Red Spring Wheat." Dept. of Cereal Science and Food Technology, Agr. Exp. Sta., North Dakota State University, Fargo. Various years, 1989-1997.
20. Petersen, E. H. "The Impact of Quality Premiums and Discounts in an Uncertain Production Environment: An Application to the Australian Wheat Industry." Unpub. Ph.D. diss., University of Western Australia, Perth, 2000.
21. Pope, R. D., and R. F. Ziemer. "Stochastic Efficiency, Normality, and Sampling Errors in Agricultural Risk Analysis." Amer. J. Agr. Econ. 66,1(1984):31-40.
22. Robinson, S. D. "Selecting Wheat Varieties in a Stochastic Environment." Paper presented at the 39th annual conference of the Australian Agricultural Economics Society, University of Western Australia, Perth, 14-16 February 1995.
23. Stack, R. Professor, Department of Plant Pathology, North Dakota State University. Unpublished data on vomitoxin by variety. Personal communication, 2001.
24. Tse, Y. K., and X. B. Zhang. "A Monte Carlo Investigation of Some Tests for Stochastic Dominance." Dept. of Econ., National University of Singapore, December 2000.
25. Unnevehr, L. J. "Consumer Demand for Rice Grain Quality and Returns to Research for Quality Improvement in Southeast Asia." Amer. J. Agr. Econ. 68,3(1986):634-641.
26. U.S. Congress, Office of Technology Assessment. Grain Quality in International Trade: A Comparison of Major U.S. Competitors. Pub. No. F-402, OTA, Washington, DC, 1989.
27. Wilson, W. W., and B. L. Dahl. "Evaluation of Changes in Grade Specifications for Dockage in Wheat." Rep. No. 458, Dept. of Agribus. and Appl. Econ., North Dakota State University, Fargo, 2001.
28. Zeleny, M. Multiple Criteria Decision Making. New York: McGraw-Hill Book Co., 1982.