Imputing Input Characteristic Values from Optimal Commercial Breed or Variety Choice Decisions

Bryan E. Melton, W. Arden Colette and Richard L. Willham

American Journal of Agricultural Economics, 1994, vol. 76, issue 3, 478-491

Abstract: Previous Input Characteristics Models (ICMs) are modified and extended to allow the economic values of individual genetic characteristics to be imputed, even when those characteristics are acquired in largely inseparable bundles such as in the animal breed or plant variety decision of commercial producers. Through analysis of the commercial breed selection decision for a representative beef producer, the extended ICM is shown to generally be more flexible, with less restrictive data requirements for estimation, than prior ICMs. Additional modifications of the extended ICM method of analysis are suggested to further enhance and broaden its applicability.

Date: 1994
References: Add references at CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://hdl.handle.net/10.2307/1243659 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:76:y:1994:i:3:p:478-491.

Access Statistics for this article

American Journal of Agricultural Economics is currently edited by Madhu Khanna, Brian E. Roe, James Vercammen and JunJie Wu

More articles in American Journal of Agricultural Economics from Agricultural and Applied Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press ().