Human Capital, Adjustments in Subjective Probabilities, and The Demand for Pest Controls

Prabhu L. Pingali and Gerald A. Carlson

No 279159, 1982 Annual Meeting, August 1-4, Logan, Utah from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This study shows, in the case of North Carolina apple farmers that a reduction in the perceived risk of pest damage results in a reduction in the levels of pesticides. Increases in the farmer's human capital stock reduce perceived risks. Schooling and age have the largest elasticities of adjustment in subjective probabilities.

Keywords: Crop Production/Industries; Demand and Price Analysis; Farm Management; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 13
Date: 1982-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea82:279159

DOI: 10.22004/ag.econ.279159

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