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Crop input response functions with stochastic plateaus.


by Tembo, Gelson^Brorsen, B. Wade^Epplin, Francis M.^Tostao, Emilio
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Gelson Tembo is lecturer I, Department of Agricultural Economics and Extension Education, University of Zambia, Lusaka; B. Wade Brorsen is regents professor and Jean & Patsy Neustadt chair; Francis M. Epplin is Charles A. Breedlove Professor, Department of Agricultural Economics at Oklahoma State University; and Emilio Tostao is assistant professor, Division of Agricultural Economics at Universidade Eduardo Mondlane, Maputo, Mozambique. The authors thank professor William R. Raun, for providing access to data and information regarding the experiment, and Francisca G.C. Richter for helpful comments and technical assistance. Journal paper AEJ-245 of the Oklahoma Agricultural Experiment Station, Projects H-2237, H-2403. Table 1. Summary of Regression Results for Wheat Yield Response Functions

Estimates and

Standard Errors by

Type of Response

Function (a)

Linear response Statistic Symbol Stochastic Plateau Intercept [[beta].sub.0] 26.32

(0.93) Level of nitrogen (lbs) [[beta].sub.1] 0.40

(0.02) Expected plateau yield

(bus) [[mu].sub.m] 41.78

(0.82) Nitrogen at expected

plateau (lbs) [x.sub.m] 38.32

(2.70) Variance of plateau

yield [[sigma].sup.2.sub.v] 163.92

(28.85) Variance of year random

effect [[sigma].sup.2.sub.u] 75.81

(10.39) Variance of error term [[sigma].sup.2.sub.

[epsilon]] 28.51

(1.46) Variance correlation [rho] 0.39

(0.041) Log-likelihood (b) -2,722.45

Estimates and Standard Errors

by Type of Response Function (a)

Linear response Switching Statistic Plateau Regression Intercept 26.31 24.54

(1.51) (0.77) Level of nitrogen (lbs) 0.27 0.22

(0.02) (0.02) Expected plateau yield

(bus) 42.06 39.73

(1.45) (0.91) Nitrogen at expected

plateau (lbs) 57.71 70.56

(3.54) (6.48) Variance of plateau

yield 205.22

(16.46) Variance of year random

effect 68.93

(17.01) Variance of error term

53.49 53.70

(2.66) (1.82) Variance correlation 0.28

(0.17) Log-likelihood (b) -2,920.45 -3,390.8 (a) Standard errors are in parentheses. (b) The null hypothesis that the nonstochastic plateau is the correct model (i.e.. [H.sub.0]: [[sigma].sup.2.sub.v] = O) is rejected at any conventional level of significance based on a likelihood ratio test. The calculated value of the likelihood ratio statistic is 396, which is considerably above the [[chi square].sub.(1,0.01)] critical value of 6.63. Pollack and Wales's (1991) likelihood dominance criterion for testing nonnested models indicated that the stochastic plateau model is about 668 times more likely than the switching regression model. Table 2. Maximum Expected Profit Per Acre, Assuming the Linear Response Stochastic Plateau Is the Correct Model and the Price of Wheat Is $3 Per Bushel

Profit by Price of Nitrogen (r) Model $0.01 $0.02 $0.06

[lb.sup.-1] [lb.sup.-1] [lb.sup.-1] Linear response stochastic

plateau (a) 124.08 108.12 87.01 Linear response plateau (b) 118.39 107.42 84.34 Switching regression (c) 116.78 89.86 70.46 Perfect information (d) 124.96 117.68 102.35 (a) For the stochastic plateau model, the optimal quantity of nitrogen is 114.40 lbs/acre, 69.20 lbs/acre, and 38.65 lbs/acre when r is equal to $0.1 [lb.sup.-1] 11. $0.2 [lb.sup.-1], and $0.6 [lb.sup.-1]. This is translates into an expected yield, E(y|x), of 72.47 bu/acre, 54.23 bu/acre, and 41.91 bu/acre. (b) For the nonstochastic plateau model. at all three prices, [x.sub.m] = 57.71 bu [acre.sup.-1], which translates into E(y|x) = 42.58 bu/acre, and 24.54 bu/acre. (c) For the switching regression model, the optimal quantity of nitrogen is 216.9 lbs [acre.sup.-1], 102.4 lbs [acre.sup.-1], and 0.0 lbs/acre when r is equal to $0.01 [lb.sup.-1], $0.2 [lb.sup.-1], and $0.6 [lb.sup.-1]. This translates into an expected yield, E(y | x), of 71.22 bu/acre, 46.58 bu/acre, and 24.54 bu/acre. (d) For the perfect information case the average optimal quantity of nitrogen at all prices is [x.sub.m] = 38.32 lbs/acre, and the average plateau yield of [u.sub.m] = 41.78 bu/acre is obtained.


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