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Optimal Input Use When Inputs Affect Price and Yield

2003· article· en· W2102123225 on OpenAlexaffvenue
Elwin G. Smith, Ross H. McKenzie, Cynthia A. Grant

Bibliographic record

VenueCanadian Journal of Agricultural Economics/Revue canadienne d agroeconomie · 2003
Typearticle
Languageen
FieldAgricultural and Biological Sciences
TopicAgricultural Economics and Policy
Canadian institutionsAgriculture Food and Rural DevelopmentAgriculture and Agri-Food Canada
Fundersnot available
KeywordsRevenueEconomicsProfit (economics)Variance (accounting)Yield (engineering)EconometricsPaymentNet profitMicroeconomicsFinance

Abstract

fetched live from OpenAlex

Input use has been shown to impact the variance of output and therefore risk. When inputs affect both output level and the price of the output, the variance of revenue and profit depend on each effect and their interactions. We analyze the effect of nitrogen (N) use rate applied to wheat on the variance of yield, revenue, and the price of wheat, when protein premiums (discounts) are applied. We find that N use rate increases the variance of yield, but reduces the variance of price. The net effect of N use rate on revenue and profit is variance increasing, but the variance effect is less than for yield alone. Optimal rates of N are about 60% higher with protein payments compared with a constant wheat price over all protein levels. Risk‐averse producers apply less N than risk‐neutral producers but, because revenue and profit risk is lower with protein payments, the reduction in N is less than if based on a constant price over all protein levels.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.000
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Observational · Consensus signal: Observational
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.697
Threshold uncertainty score0.965

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0000.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0010.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0010.001
Open science0.0010.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0010.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.032
GPT teacher head0.166
Teacher spread0.134 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designObservational
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations17
Published2003
Admission routes2
Has abstractyes

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